Genco Shipping & Trading Limited (NYSE:GNK)

CAPS Rating: 3 out of 5

A New York City-based company that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes.

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Member Avatar kf5mdk (< 20) Submitted: 11/15/2013 4:18:51 PM : Outperform Start Price: $2.43 GNK Score: -45.34

The US economy has turned, interest rates are low, which should help the global econony speed to recovery in 2014. This will nodoubt help the shipping business.

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Member Avatar SqwiiTrader (< 20) Submitted: 10/31/2013 9:23:46 AM : Outperform Start Price: $2.69 GNK Score: -54.86

prediciton TOS

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Member Avatar thity2hop (62.33) Submitted: 8/5/2013 1:28:13 AM : Outperform Start Price: $2.22 GNK Score: -45.34

spot prices for dry bulk are starting to improve as supply of ships is growing slower than demand

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Member Avatar masterwallstreet (< 20) Submitted: 7/29/2013 9:48:22 PM : Outperform Start Price: $2.24 GNK Score: -47.08

This stock is way oversold. The book value is close to 24 dollars and is trading a bit over 2 dollars. Between insiders and mutual funds, they own close to 76% of it. The stock is being shorted by 34%. This is gonna be one heck of a short squeeze when the industry turns around.

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Member Avatar fjmok (79.71) Submitted: 12/6/2012 3:07:49 PM : Outperform Start Price: $2.69 GNK Score: -83.61

Short-term may get worse; long-term this company will do well in dry bulk shipping

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Member Avatar Elpee (< 20) Submitted: 1/6/2012 8:31:20 AM : Outperform Start Price: $6.69 GNK Score: -136.80

GNK Broke through a massive bear channel dating back from November 2009 on the weekly time frame. Looks like the top of the channel from late December 2011 to now is holding as support. Its net profit margin isn't as great as DRYS but only time can tell if this stock improves. It has potential from a technical standpoint and looks to be attempting to form a base.

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Member Avatar ly007007 (81.79) Submitted: 9/17/2011 9:09:16 PM : Outperform Start Price: $7.75 GNK Score: -152.04

GNK will rebound once macro condition improves and shipping rate rises, given its high operational and financial leverage. A classic value play

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Member Avatar RedScourge (24.80) Submitted: 8/25/2011 6:05:06 PM : Outperform Start Price: $5.85 GNK Score: -150.69

CAPS Stock Screener says Price / Book is less than 1.

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Member Avatar starmannate (59.59) Submitted: 8/4/2011 11:34:41 AM : Outperform Start Price: $5.01 GNK Score: -135.59

Shipping will recover at some point. Trying to catch the knife here....

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Member Avatar TheRadical (< 20) Submitted: 6/10/2011 2:05:09 PM : Outperform Start Price: $6.50 GNK Score: -136.37

Very cheap, but all it does is make money. I'll take my chances

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Member Avatar excellx (< 20) Submitted: 4/23/2011 3:51:54 PM : Outperform Start Price: $8.36 GNK Score: -135.22

http://fsin.weebly.com/ mentioned this stock, noting how the price is 400% below book value, and a recovery in the BDI well help this stock because it doesn't do long term contracts

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Member Avatar iros532 (< 20) Submitted: 4/14/2011 5:06:48 PM : Outperform Start Price: $9.95 GNK Score: -140.69

GNK continues to provide good earnings. Price stalled druing crisis and due to credit-related conditions which prevented GNK to give dividends. The moment the baltic index recovers and GNK starts giving dividends, yields will be over 20%. Margin of safety now is around 70%

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Member Avatar bmw2009 (< 20) Submitted: 4/9/2011 6:45:50 PM : Outperform Start Price: $10.44 GNK Score: -140.07

GNK is solid from an operating standpoint and is now committed to paying down debt after completing their spate of ship acquisitions.

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Member Avatar saucerboy (30.35) Submitted: 4/8/2011 6:44:17 PM : Outperform Start Price: $10.44 GNK Score: -140.07

shipping

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Member Avatar jjensen001 (< 20) Submitted: 4/4/2011 6:06:29 PM : Outperform Start Price: $10.62 GNK Score: -140.35

Dry Bulk Shipping is down... great time to buy.

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Member Avatar ahmccaffrey (< 20) Submitted: 3/4/2011 10:58:05 PM : Outperform Start Price: $16.45 GNK Score: -162.10

As long as their business management continues to be solid, they will enjoy great growth. Shipping high demand commodities, good roots internationally. Global Shipping is a hard market to get into, mucho capital, GNK has good thing going.

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Member Avatar unlearned (< 20) Submitted: 2/17/2011 12:42:06 AM : Outperform Start Price: $12.80 GNK Score: -142.53

Shipping is a big thing for every market. This company is trading at a discount to book value and has strong margins and a small debt load. As the economy recovers this company will be poised to make a large move.

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Member Avatar NZAllBlacks (43.31) Submitted: 2/8/2011 10:32:44 PM : Outperform Start Price: $11.92 GNK Score: -143.17

Very low P/E and with the bounce back in the US economy, expect trade to pick up. Low points are that it is dependent upon the BDI and has lots of debt - am backing this though as it is not a sinking ship. That pun was terrible - sorry!

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Member Avatar Munchies101 (99.24) Submitted: 2/8/2011 5:00:03 PM : Outperform Start Price: $14.74 GNK Score: -163.20

Owner of GNK for a while now, and would just like to add my .02. This stock is definitely not for the faint of heart, as its price could go through all sorts of loops before we see any rebound. What you have to remember is that although this P/E is low, it’s priced to the fact that almost all of its ships in 2011 - 2012 will be subject to the spot market. In order for this company to keep its creditors happy, they have to keep a certain ratio of revenue to their liabilities, and unless we see a jump in the BDI this will probably not be happening.

Let’s say the BDI doesn't rebound, what this means is that we are going to see dilution, plain and simple. Now all of the sudden, because of dilution, loss of revenue, and the debt moving into the stratosphere, all those pretty ratios we are seeing are going to start looking like a cat that got run over by a semi; not good.

I do own this stock for one good reason however; this stock just looks so crappy from a short term view I think many investors are forgetting the long term and have mispriced this stock. The BDI will get better, guaranteed. We will probably see dilution, and the debt edging higher, and a PE that moves closer to the 10 - 20 mark in the future, but given 2-5 yrs this stock will outperform and be a 3-4 bagger. It is not likely the BDI will move much lower, the cost of running the ship exceeds the spot rate right now. Eventually companies will just start docking their ships, and wait. If you believe in an economic recovery, you have to believe in a future where dry bulk exists.

Buy this stock; forget about it for at least 3 yrs.

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Member Avatar onlygoodstocks (< 20) Submitted: 2/7/2011 7:43:22 PM : Outperform Start Price: $11.92 GNK Score: -143.17

PE ridiculously low, but for good reason - high debt, low rates and increased supply coming to the market.

However, GNK has braved the storm, managed debt and is set for a rebound. Dry bulk carriers will see better rates as the world economy continues to take hold.

I'm not a typically a value investor, but I am buying this stock.

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