Odyssey Marine Exploration, Inc. (OMEX)
The Company is engaged in the archaeologically sensitive exploration and recovery of deep-water shipwrecks throughout the world.
Recs
waysane
(< 20)
Submitted: 6/10/2009 4:14:41 PM :
Start Price:
$1.91
OMEX Score:
-41.91
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
tyro00
(94.63)
Submitted: 6/5/2009 5:18:25 PM :
Start Price:
$1.94
OMEX Score:
-42.75
A magistrate is not a judge (as being reported) and his decision is not a court ruling or order; it is merely a recommendation to the judge. With all the attention this case is getting, the judge will look long and hard at the facts and law before making a ruling with his name on it.
Recs
kkconway
(90.20)
Submitted: 6/5/2009 1:52:33 PM :
Start Price:
$2.02
OMEX Score:
-45.18
This one is not my usual CAPS pick, but it does have a shot at a reversal of the outrageous decision by the Federal Magistrate who stole their their shipwreck treasure and gave it to Spain, which did nothing over the last 206 years since the wreck to show an interest in finding the ship or its contents until somebody else went to all the expense and trouble to find it for them. What a travesty; a perverted joke that should be overturned and may well be. Folk hero and treasure diver Mel Fisher of "Atocha" fame got his day in court and won it all in a Supreme Court reversal in 1986 or thereabouts. Is a wreck from 1803 so recent that the concept applied to the 1622 wreck is so radically different?
Anyway, that $400,000,000 will improve Odyssey's balance sheet some, since it is larger than its book value by ten times over. Worth a risk.
Buried treasure is more fun to follow than "suits" on Wall Street day after day.
Buy!
Recs
stockdoc00
(88.55)
Submitted: 6/4/2009 1:10:35 PM :
Start Price:
$2.28
OMEX Score:
-53.85
Losing the Spanish treasure hurt but they have reasonable grounds for appeal. A reasonable gamble at this point.
Recs
mykinschris
(44.79)
Submitted: 6/4/2009 11:11:21 AM :
Start Price:
$1.99
OMEX Score:
-44.78
playing the rebound
Recs
rfaramir
(93.35)
Submitted: 5/11/2009 7:31:44 PM :
Start Price:
$3.53
OMEX Score:
-79.75
They seem to have a lot of discoveries that they are just waiting to monetize, the half-billion of Spanish gold being the biggest but riskiest.
I don't like all the preferred stock they've issued, but it doesn't look too terrible to my untrained eyes. I could be wrong, and all those future profits I'm looking at will belong to the preferred holders.
I bought some at $3.51. Very speculative!
Recs
owlsclaw1
(< 20)
Submitted: 4/23/2009 4:35:24 PM :
Start Price:
$3.61
OMEX Score:
-88.53
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:
-97.57
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
Fiskhus
(82.65)
Submitted: 1/29/2009 10:57:56 PM :
Start Price:
$3.69
OMEX Score:
-91.92
MTA,STV,8>50,Min21>63,C>mxH3.1,Price<10
Recs
Kobalt
(81.72)
Submitted: 12/31/2008 10:20:42 AM :
Start Price:
$3.02
OMEX Score:
-76.33
If you are reflexively against/short this stock/company, you don't understand them. If are long this company and haven't read Kinder's, "Ship of Gold", then you are foolishly/uninformedly long. I think this speculative play is ready to buy.
Recs
foolpeterka
(< 20)
Submitted: 10/24/2008 2:04:05 PM :
Start Price:
$3.27
OMEX Score:
-86.08
The event that takes the longest time is the legal issues. Who owns what, where, when. They ( OMEX ) has an excellent legal staff and will win out over time. Millions of dollars and Dabloons involved, so I see big increases at the end of each trial phase.
Recs
Sinjin22
(< 20)
Submitted: 6/11/2008 10:58:57 AM :
Start Price:
$4.83
OMEX Score:
-54.15
This one looks to be turning around in the next 3-6 months. Even if Spain is awarded the capture, OMEX will receive anywhere from 60-90% of the award just for finding it. Not to mention, the other 2 wrecks they just discovered as well.
Recs
TMFStockpick08
(< 20)
Submitted: 5/27/2008 10:37:20 AM :
Start Price:
$4.54
OMEX Score:
-50.62
This stock was picked by TMFTwitty in the 2008 TMF Stockpicking Contest.
Recs
IMakeItRain
(94.08)
Submitted: 3/13/2008 10:57:56 PM :
Start Price:
$5.86
OMEX Score:
-61.26
MARINE EXPLORATION COMPANY INVOLVED WITH DISCOVERY OF SHIPWRECKS WITH GOLD, SILVER, AND NEW DISCOVERIES
Recs
2orque
(< 20)
Submitted: 3/13/2008 4:45:40 PM :
Start Price:
$5.86
OMEX Score:
-61.26
about to break
Recs
kahunabench
(< 20)
Submitted: 2/25/2008 11:54:41 AM :
Start Price:
$4.83
OMEX Score:
-53.94
Speculative, but a long term play -- and spikes up occasionally for big gains.
Recs
Kokubu
(43.15)
Submitted: 2/20/2008 2:09:33 AM :
Start Price:
$4.77
OMEX Score:
-54.82
This is my cheap gamble. OMEX is currently sitting on a claim that is in dispute but could potentially double or triple their capital structure if ruled in their favor.
Like I said, it's a gamble...
Recs
Stinkyskunk
(< 20)
Submitted: 11/9/2007 5:04:48 PM :
Start Price:
$5.79
OMEX Score:
-54.01
get that ship
Recs
pramsis
(25.24)
Submitted: 9/30/2007 7:25:21 PM :
Start Price:
$6.16
OMEX Score:
-51.69
The asset ( their coin find of MAY ) is not on their balance sheet yet, because they are perfecting "Title". This is a very polished group of people, the directors of which are maritime Law Professors and authors. This company is going to gain several hundred million dollars in assets and it will be reflected in the stock. Additionally they are building an entertainment and content business out of their daily work. I saw them on Discovery channel and they came across as really terrific. I believe their traveling museum shows will fuel the company in between digging for treasure and it will be a stable performer with peaks when they find Gold.
Great people, Great balance sheet, interesting product.. Nowhere to go but up. I see $15 to $20 before it goes anywhere south....
Recs
Anton9691
(59.89)
Submitted: 8/29/2007 11:58:41 AM :
Start Price:
$5.96
OMEX Score:
-55.06
The company is essentially a specialized mining company with the added benefit that their operations have a great story to be sold through the media (e.g. Disney).
These guys have brought a high level of professionalism to the treasure hunting business which, up to now, has been operated mostly by fly by night amateurs and modern day thieves. They are very forthright and open about the risks associated with the business. Legal problems are expected and, the stock will probably fall a bit in the short term.
The business has learned from their prior experience in salvaging the "SS Central America" and have improved their business model so, long term prospects are good. There are thousands of high value wrecks scattered throughout the world which recent advances have made accessible. This company is at the cutting edge with very few competitors who can operate at a comparable level.
Go long or, buy when it is low then, keep an eye on the news since every time they make a new find, it hits the mass media and the stock will go way up.
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