Genco Shipping & Trading Limited (GNK)

Solid Balance Sheet and management experienced in the shipping business (mainly oil) and experience in growing a shipping company. Dry shipping is currently a very hot market and a lot of players are jumping in. GSTL realizes that at some point this cyclical industry is going to turn south,which they have built into their business plan. This industry is very segmented, and there is a lot of room for consolidation once the cycle turns, and the small players are forced out. By keeping a solid balance sheet, they will be able to buy more ships and expand at great prices. Finally, with global trade and populations increasing world wide, dry shipping isn't going to go away and will continue to grow. This is a cyclical industry, and we are near the top, but GSTL's plan for expansion prepares them for the downturn and positions them to become a dominate player in the global dry shipping business.

Excellent management, responsible debt handling, solid dividend, built-in organic growth with multi-year contracts on ships that have not even been built or delivered yet!

Geopolitically safe - based in the US - but with global exposure.

Enter now at low P/E (still under 8!), microscopic PEG (under 0.2!) and dividend yield of almost 7%.

The dividend rate is excellent, and the amount of international trade is likely to stay strong. Even if there are problems, their long term contracts speak well for the company's financial future.

This is a Dry Bulk sector pick. GNK stock has been hammered lately and now on sale for a low PE of 7.25 and VERY low PEG of 0.22. In the past month (January 2008) several analysts have been quoted with comments that GNK is now in the significantly undervalued category. SmartMoney shows calculated enterprise value of $2.1 Billion while market cap is only $1.3 billion.

I believe that Genco shipping with their rental fleet not having to deal with fuel prices and any other fees is way above board; furthermore trading with China and India is off the charts, all aboard, we're not dealing with Coke or Pepsi!!

This is a well run company with a terrific dividend. Most of the fleet is leased for the next year at very good rates and the addition of 3 new ships this year willl help results.

With a P/E of about 11.5 and a dividend yield of almost 10%, sounds way too cheap. On dividends alone, I think this stock is worth about $34.

great dividend appx. 9%

Dry shipper. Can't go wrong.

The yield is hard to beat, and the company is solid financially.

Great leadership, strong fundamentals, solid business plan. This stock is a, "If I bought this company back in '06 I'd have millions today."

Great market...Enjoy some capital appreciation and a nice dividend along the way.

An amazing stock with high dividend, low P/E. Will grow through acquisition of smaller competitors

I believe the entire dry bulk shipping sector is stratospherically overvalued. With more ships coming online everyday, I believe dry bulk shipping rates will fall.

I'm betting this is the next bubble.

I think GNK is in a strong position. The recent pullback is possibly linked largely to the fall in the Baltic Freight Index. The index however, measures spot rates and GNK mostly employs longer term contracts for their ships (versus DRYS for example). They have a newer fleet than most and their debt I believe is mostly related to acquisitions so we should see a climb back up the 60s or 70s.... let's see.

Way under-priced to current value, strong finance sheet allowing it to weather the current recession, and make key purchases at discount prices.

A conservative use of the Graham formula gives me a fair value of $35, based on the the EPS ($2.60) and book value ($21.47) from 2007. At today's price of $19, that's a 45% discount. With a dividend of $4.00 per year currently, that's quite amazing.

Will this stock crash with the demand for oil? That is certainly a risk, but worth taking here in CAPS.

Ships Coal, Grain, Iron Ore, Steel and such. All in big demand. Compared to it's peers in YTD price preformance, it ROCKS. Trading above it's 13 day moving average with the average rising.

However the stocks shows of being overbought. Be patient and pick it up on a pull back.

The 5.01% yield isn't bad either.

Every person responsible for running this company seems overqualified. They have been very successful in different fields and have years of maritime experience. The new switch to the NYSE may add buyers, but either way, I only see a bright future for this company in the long-term.