Genco Shipping & Trading Limited (GNK)
A New York City-based company that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes.
Recs
davbeirney
(< 20)
Submitted: 11/12/2009 5:56:11 PM :
Start Price:
$24.53
GNK Score:
+3.68
I like the balance sheet on this one. GNK has been in consolidation for some time and there was a huge volume spike today and yesterday, which could help it break out to the upside. shipping as a whole will eventually come back
Recs
Recs
BobForFool
(21.11)
Submitted: 10/29/2009 1:45:32 PM :
Start Price:
$20.55
GNK Score:
+21.10
GNK leases dry ships and is undervalued.
Recs
blindsquirrel2
(< 20)
Submitted: 10/22/2009 3:15:02 PM :
Start Price:
$23.58
GNK Score:
+8.13
Charts say it is going up in the near term
Recs
turtle286
(95.81)
Submitted: 9/30/2009 11:25:32 AM :
Start Price:
$25.48
GNK Score:
+0.70
Similar to DSX in that if the turnaround is for real shipping will increase. Genco has a footprint advantage though, in that they hold a large share of the chinese and japanese shipping markets. So as specifically those two countries shipping grows (both imports and exports) Genco stands to benifit.
Recs
GengisKhanJr
(75.82)
Submitted: 9/22/2009 3:32:19 PM :
Start Price:
$21.93
GNK Score:
+13.94
Heavy in debt,but using that debt to finance fleet expansion.
No dividend but could be a potential economic recovery play over next couple of years.
Recs
MikeGi
(98.97)
Submitted: 8/31/2009 2:15:27 PM :
Start Price:
$12.55
GNK Score:
+57.68
They are back in compliance with the amended credit facility. This means that the dividend should be reinstated soon (at least, it means they CAN reinstate the dividend, which I expect they will), this will cause a nice bump in price.
Long term, they have good, profitable operations and should rebound nicely as the shipping rate increases.
Recs
Rep07
(97.17)
Submitted: 8/15/2009 3:35:19 PM :
Start Price:
$20.64
GNK Score:
-12.12
Cyclical action in an uncertain market in an adverse environment.
Recs
eleev
(36.29)
Submitted: 7/27/2009 1:57:22 PM :
Start Price:
$25.47
GNK Score:
-12.17
tanker moving up. economy coming alive.
Recs
Chemdawg
(86.29)
Submitted: 7/23/2009 10:45:00 AM :
Start Price:
$24.29
GNK Score:
-7.77
still quite a bit of upside. shipping will recover as a whole when the prices on commodities start going back up to more reasonable levels.
Recs
Recs
ArfytheSeal
(69.50)
Submitted: 7/17/2009 1:41:41 AM :
Start Price:
$22.66
GNK Score:
-4.54
This company appears to be a "value play" by most metrics. They also pay out a healthy yield, which while exceeding the payout ratio, is well within the current Net Cash After Operations (NCAO) minus the low capex in the past three years - which I'm taking to be the "maintenance capex" level (i.e. the needed capex as opposed to expenditures used to fuel future growth).
Recs
TXmaverick
(< 20)
Submitted: 6/3/2009 10:31:33 AM :
Start Price:
$25.37
GNK Score:
-17.96
The shippers have been moving with the price of oil
Recs
OHOD
(47.47)
Submitted: 5/12/2009 7:25:51 PM :
Start Price:
$18.40
GNK Score:
+15.15
When consumers start spending, you have to get the product here somehow.
Recs
Recs
shariyud1
(94.20)
Submitted: 4/26/2009 7:05:28 AM :
Start Price:
$17.23
GNK Score:
+18.81
This dry shipper used to be about 400% higher .
It stopped paying a dividend and is accumplating cash.
Recs
mrFoz
(< 20)
Submitted: 4/17/2009 8:39:06 AM :
Start Price:
$16.78
GNK Score:
+24.41
Solid contract revenue thru 2009 into 2010.
Peter Georgopolis(sp?) is growing into a shipping leader.
Excellent service.
Quality partners.
Recs
anticitrade
(99.49)
Submitted: 4/16/2009 11:40:11 AM :
Start Price:
$16.05
GNK Score:
+29.25
I made this pick based of the strong fundamentals of the company. For more information see www.anticitrade.com.
Recs
Trimalerus
(99.67)
Submitted: 3/18/2009 2:17:58 AM :
Start Price:
$11.95
GNK Score:
+69.93
This stock will be on the upswing once Obamanomics get this economy rolling again, and it nicely rounds out my shipping sector.
Recs
gkratoc1
(96.97)
Submitted: 3/17/2009 9:26:03 PM :
Start Price:
$11.95
GNK Score:
+69.93
As the recession runs out of gas and the economy starts gearing up for the next boom cycle, this company is positioned better than many to profit from it. Genco is a drybulk shipping company that is currently trading at a P/E of 4. They have beaten earnings estimates in 5 of the last 8 quarters and never lost profitability like many other companies in this bear market.
Genco has also been unfairly punished as dry bulk shipping rates reached multi-year lows in December and January after the price of oil collapsed off 2008 summer prices. Already this year, we've seen dry bulk rates nearly double which says positive things for Genco's cashflow if this trend keeps up, and they've already entered agreements committing most shipping routes for their 32 vessel fleet for the remainder of the year and into 2010. Currently trading for about half their book value, I find this company an incredible buying opportunity and well-positioned to take advantage of the recovery as international trade picks up and the movement of raw materials gets back to normal. I project this will be a 5-bagger over the next 3 years and am proud to own it in my personal portfolio.
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