Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)
The Company is engaged in the archaeologically sensitive exploration and recovery of deep-water shipwrecks throughout the world.
- Quote
- Commentary
- Scorecard
- Historical Prices
- Chart
- Stats
- Ratios
- Earnings/Growth Rates
- Statements
- SEC Filings
Recs
mware1671
(< 20)
Submitted: 2/2/2012 10:22:06 AM :
Start Price:
$3.73
OMEX Score:
-11.14
Recent devolopments, findings, tv show deal
Recs
Coralreefer1
(32.90)
Submitted: 10/29/2011 2:44:38 PM :
Start Price:
$2.92
OMEX Score:
+9.41
Manifests associated with these merchant ships sank by German Torpedoes during WWII supposedly contain a substantial surplus of silver. Recovery of the two ships is to begin in the spring of 2012!
Recs
Recs
Lcrazylegs84
(22.73)
Submitted: 9/26/2011 4:46:46 PM :
Start Price:
$3.05
OMEX Score:
-3.19
Get ready for the raise
Recs
Quaker08
(99.08)
Submitted: 9/26/2011 4:27:13 PM :
Start Price:
$3.05
OMEX Score:
-3.19
caps only
equivalent of investing with scrooge mcduck
Recs
kkconway
(99.12)
Submitted: 8/27/2011 1:26:48 AM :
Start Price:
$2.84
OMEX Score:
+5.93
OMEX could go lower, but the upside is "ginormous", as my young son would say, and that means really, really big. First, it will probably get the lion's share of the loot - half a billion dollars in silver, gold and treasure, from the "Black Swan", leaving Spain holding the bag. Then it has a couple hundred million in silver located in the English Channel ready for recovery. But that's not all! They have other deals with the Brits to salvage other valuable finds, and finally, they have a gold mine underwater in the South Pacific. This last is more iffy, but who cares? Just one of these works out to a pop. I own in real life, and so far, so good! OK, I bought it at $1.60, but I still like it. Spain's case is caught on the shoals.
Recs
GussieLeo
(< 20)
Submitted: 7/31/2011 9:18:06 PM :
Start Price:
$3.00
OMEX Score:
+9.31
A lot of irons in the fire, and if they win the lawsuit against Spain, the stock will pop again.
Recs
secretbonus
(33.43)
Submitted: 6/21/2011 10:04:33 PM :
Start Price:
$3.23
OMEX Score:
+0.09
negative EPS, and an insolvent balance sheet (negative book value, as well as more current liabilities than current assets)
Recs
Recs
hcve
(< 20)
Submitted: 1/10/2011 7:45:24 AM :
Start Price:
$3.27
OMEX Score:
-3.39
single digit treasure hunter gamble
Recs
zzblahblah
(< 20)
Submitted: 12/23/2010 9:41:48 PM :
Start Price:
$2.41
OMEX Score:
+32.48
Investors reintroduced to old spanish treasure.
Recs
StonedToTheBone
(< 20)
Submitted: 10/8/2010 4:17:05 PM :
Start Price:
$1.32
OMEX Score:
+134.06
could be a big-bagger if omex wins the treasure appeal
Recs
bethanye
(< 20)
Submitted: 8/27/2010 7:13:11 PM :
Start Price:
$1.49
OMEX Score:
+99.44
Who doesn't want the treasure seekers to suceed!
Recs
MulletFool
(< 20)
Submitted: 6/15/2010 9:59:43 AM :
Start Price:
$1.17
OMEX Score:
+165.53
I have been following (and buying) OMEX for many years. Trading around a buck a share, it's like buying a lottery ticket and in many ways, it's a similar gamble. From an investor perspective, it is very risky and fundamentally, not an attractive stock. However, it remains one of my favorite companies to talk about and offers "speculative investors" an opportuntity to invest in hidden treasure - literally. For you Fools that like a good story, read on.
I believe that in time, the "Black Swan" (Nuestra Senora de las Mercedes) case will settle and Odyssey will most likely receive fair compensation for "salvage and recovery services". For those of you new to the topic, the Mercedes was a Spanish frigate sunk by British warships on October 5, 1804 off the coast of Portugal. Odyssey found her in 2007 and recovered approximately 500,000 gold and silver coins (over 17 tons of treasure). Odyssey chartered a jumbo jet and flew the treasure to an undisclosed location in the US under the dark of night. Spain is trying to claim the treasure under sovereign immunity and Odyssey argues that immunity does not apply when a sovereign vessel is being used for commercial transport. Other parties have stepped in and made claim to the treasure as well and the legal fight continues. Odyssey STILL maintains physical possession of the booty and this is far from over.
But Black Swan is only one of many reasons I like Odyssey. I am curious to see what opportunties may come from an announcement last year that they are moving into exploration and monetization of gold, copper and silver--rich Seafloor Massive Sulfide (SMS) deposits through a new partnership that owns mineral exploration rights on approximately 150,000 square kilometers of ocean floor in the South Pacific.
Some more recent finds, salvage contracts, cooperative governments (really!) and more make this one to keep your eyes on.
One final note, Odyssey is a recognized expert at precision deep sea operations. BP should call Odyssey to assist with the disatrous leaking oil well in the gulf. My thoughts go out to all of you that have been or will be affected.
--- MulletFool
Recs
waysane
(< 20)
Submitted: 6/10/2009 4:14:41 PM :
Start Price:
$1.91
OMEX Score:
+31.43
The 'Black Swan" treasure was never part of OMEX' balance sheet.
They may very well end up with it, despite a magistrate's reccomendation.
Recs
stockdoc00
(24.97)
Submitted: 6/4/2009 1:10:35 PM :
Start Price:
$2.28
OMEX Score:
+3.34
Losing the Spanish treasure hurt but they have reasonable grounds for appeal. A reasonable gamble at this point.
Recs
mykinschris
(< 20)
Submitted: 6/4/2009 11:11:21 AM :
Start Price:
$1.99
OMEX Score:
+24.58
playing the rebound
Recs
owlsclaw1
(< 20)
Submitted: 4/23/2009 4:35:24 PM :
Start Price:
$3.61
OMEX Score:
-64.74
Expect several good finds will start to pay off over the coming year.
Recs
drakep48
(< 20)
Submitted: 2/12/2009 8:19:47 PM :
Start Price:
$4.04
OMEX Score:
-80.49
i bought 500 shares 4 or 5 years for .50 a share and sold for 5 something a few years later. they will not have a have a large problem getting custody of most of the hms victory"s find as the uk and many peoplle whose name starts with sir are very interested in this find. and a possible billion worth of gold goes a lon way even if split a few ways
Recs
Jfife
(< 20)
Submitted: 11/2/2008 12:33:46 AM :
Start Price:
$3.76
OMEX Score:
+52.93
Doing the math on the ship wrecks they already, have it doesn't seem like existing finds are paying the current bills. This stock a lotery ticket which most of the time doesn't pay off.
RSS Headlines
Fool UK
- Show Me:
-
Outperform
-
Underperform
-
All
- Sort by:
-
Author
-
Recs
-
Date
-
Member Rating
-
Results 1 - 20 of 50 : 1 2 3 Next »