OceanFreight, Inc. (NASDAQ:OCNF)

CAPS Rating: 3 out of 5

The Company was formed to initially acquire a fleet of seven secondhand drybulk carriers engaged in the seaborne transportation of commodities.

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Member Avatar abitare (49.79) Submitted: 7/31/2012 4:34:17 PM : Underperform Start Price: $13.36 OCNF Score: +30.40

Shipping the 2007 pile on, pump and dump. Most of these "shippers" will return to single digits or $0 as the story wears thin,the debt load becomes apparent and money moves to the "newest" pump and dump - solar and alternative energy.

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Member Avatar MrRodgers (< 20) Submitted: 7/15/2011 10:43:19 AM : Outperform Start Price: $5.60 OCNF Score: +188.70

Low price now. Shipping industry isn't going anywhere and this is a big player

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Member Avatar BACnumber1 (< 20) Submitted: 4/27/2011 4:59:11 AM : Outperform Start Price: $19.80 OCNF Score: -64.14

priced too low. The drybulk shipping sector should bounce back eventually.

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Member Avatar rickyt1986 (80.45) Submitted: 3/7/2011 3:48:46 PM : Outperform Start Price: $14.52 OCNF Score: -20.19

ships are good this company is gettin newer better ships in years to come and for now operates smaller vessels which is good for decreasing ship loads ... long very long but great returns

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Member Avatar plinyplatypus (< 20) Submitted: 11/15/2010 10:48:17 AM : Outperform Start Price: $21.00 OCNF Score: -74.49

Shipping, the world needs to move products

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Member Avatar phxbob44 (< 20) Submitted: 9/4/2010 3:35:26 AM : Outperform Start Price: $19.20 OCNF Score: -81.15

What was once a double digit stock can be again

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Member Avatar metoo105 (28.74) Submitted: 8/21/2010 8:04:46 AM : Outperform Start Price: $20.80 OCNF Score: -92.67

dry freight.

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Member Avatar johnsonshaun5 (< 20) Submitted: 7/25/2010 12:54:03 AM : Outperform Start Price: $24.20 OCNF Score: -101.28

WATER

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Member Avatar SCCC2008 (< 20) Submitted: 7/24/2010 4:12:20 PM : Outperform Start Price: $24.20 OCNF Score: -101.28

Just got relisted. Bought in real life at $0.86. This stock is one of the absolute best value plays anyone could try to find. It got beaten down way to hard and can easily pick back up to $2-3 price range in a year.

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Member Avatar brickcityman (< 20) Submitted: 7/29/2009 5:22:42 PM : Outperform Start Price: $31.00 OCNF Score: -140.37

I'm torn on this one... I own in real life at a cost basis of around 1.46.

I believe there is alot of potential here, and I like the dividend history.

On the flip side I also am worried that management might get too aggressive. For those that don't know the CEO and major holders are all closely tied to George Economou (sp?) CEO of DryShips. Some articles I have read paint him as having alot of contempt for shareholders. Couple that with the recent approval of authorization of issuance of a boatload (pun intended) of new shares and I think the risk of abuse/dilution to common shareholders is a very real possibility.

In the end, we've got a company that has been making money. Is aggressive in pursuing growth. And has major shareholders at the helm. That's more than I can say for most Fortune 500 companies where the CEO barely knows how his bread is buttered. So I'm sticking with this one for now.

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Member Avatar kwesdog (< 20) Submitted: 6/10/2009 4:46:15 PM : Outperform Start Price: $34.40 OCNF Score: -157.33

I dont think you can go wrong once the freight starts moving again.

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Member Avatar CaptainFiveBaggr (93.58) Submitted: 6/9/2009 12:45:04 PM : Outperform Start Price: $35.20 OCNF Score: -158.57

perfect time to take a ride on the freighter

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Member Avatar aquabat63 (< 20) Submitted: 6/2/2009 11:36:54 PM : Outperform Start Price: $37.40 OCNF Score: -163.00

Shaky debt situation, but poised for a surge once the recession ends

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Member Avatar Scoobrs (32.65) Submitted: 6/1/2009 11:06:22 AM : Outperform Start Price: $35.16 OCNF Score: -158.42

Badly oversold. This shipping company will weather the storm.

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Member Avatar linuslaser (99.49) Submitted: 5/31/2009 9:14:13 AM : Outperform Start Price: $36.00 OCNF Score: -161.86

Risky, but may jump with BDI

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Member Avatar Dalmanfsu (59.12) Submitted: 10/30/2008 7:31:49 PM : Outperform Start Price: $126.00 OCNF Score: -199.52

This stock is ready for a rise. With the big fat Dividend, good balance of expenses and profit, and long term income, I like this one for the long haul. In at 6.16 and ready to ride the way and collect my dividends!

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Member Avatar masturhu (72.64) Submitted: 10/22/2008 6:40:07 PM : Outperform Start Price: $142.72 OCNF Score: -212.44

This stock is definitely oversold. Go their website and look at the percentage of their ships chartered. You will be surprised. With good cash flow, even with a prolonged downturn, this is a great stock. Dividend yield is almost 40%. This is a great stock to face the downturn while cashing out on a PHAT dividend. Real money is going into this stock. Who cares if it falls more, I'll just pick up more shares.

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Member Avatar MShekht (25.12) Submitted: 10/21/2008 6:02:33 PM : Outperform Start Price: $153.67 OCNF Score: -206.67

will rebound nicely when the dust settles

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Member Avatar DarkToast (44.82) Submitted: 10/17/2008 1:25:29 PM : Outperform Start Price: $130.87 OCNF Score: -194.78

High dividend, oversold, good potential for long term earnings. Well off 52 week high, close to 52 week low.

8 stock scouter rating
average risk
42.90% dividend yield

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Member Avatar kenc132000 (97.82) Submitted: 10/8/2008 3:17:00 PM : Outperform Start Price: $166.60 OCNF Score: -189.33

New 52 week low. Double down on losing position. Very high dividend yield.

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