Odyssey Marine Exploration, Inc. (OMEX)
The Company is engaged in the archaeologically sensitive exploration and recovery of deep-water shipwrecks throughout the world.
Recs
1rain7715
(90.48)
Submitted: 6/7/2009 11:00:21 AM :
Start Price:
$2.04
OMEX Score:
+39.03
"Is there a psychic on board'-'hello"? Maybe greed or opportunity got to this one, ~without ever thinking "shark frenzy!"
Recs
2orque
(< 20)
Submitted: 3/13/2008 4:45:40 PM :
Start Price:
$5.86
OMEX Score:
-59.47
about to break
Recs
Anton9691
(60.09)
Submitted: 8/29/2007 11:58:41 AM :
Start Price:
$5.96
OMEX Score:
-53.24
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.
Recs
aspaprman
(< 20)
Submitted: 7/1/2007 2:50:36 AM :
Start Price:
$6.05
OMEX Score:
-50.66
they will find the Sussux and that will be a bigger windfall then their last find.
Recs
bobbyake
(94.52)
Submitted: 5/24/2007 2:52:21 PM :
Start Price:
$6.88
OMEX Score:
-54.04
This one is risky
Recs
BrianMav
(88.71)
Submitted: 6/12/2007 1:58:55 AM :
Start Price:
$6.34
OMEX Score:
+52.33
This stock got overinflated when they found that cache, but the story isn't over yet. Spain and England are giong to want their cuts, court costs are going to skyrocket, and there will be nothing left for the investors.
Recs
captandrew
(49.92)
Submitted: 5/5/2007 5:02:03 PM :
Start Price:
$4.15
OMEX Score:
-38.73
Wild speculative stock. This is a specialist treasure hunting company who owns the very high tech equipment they use and are in control of as many variables as possible. The next project is ready to go and the take is likely to be spectacular. This is a small field and they are basically the only players. They have a sound marketing strategy for the spoils and are still reaping benefits from the last recovery. www.Shipwreck.net
Recs
centroeuropa
(< 20)
Submitted: 6/28/2007 5:06:50 AM :
Start Price:
$6.10
OMEX Score:
+51.13
they are just pirates
Recs
coindealer
(< 20)
Submitted: 10/20/2006 8:24:24 PM :
Start Price:
$3.05
OMEX Score:
-33.15
Found and recovered Gold and Silver Coins from the S.S.
Republic Shipwreck. Makes a lousy 2 dollar stock. In search
of a 3 or 4 handle.
Recs
drakep48
(< 20)
Submitted: 2/12/2009 8:19:47 PM :
Start Price:
$4.04
OMEX Score:
-95.10
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
(82.86)
Submitted: 1/29/2009 10:57:56 PM :
Start Price:
$3.69
OMEX Score:
-89.02
MTA,STV,8>50,Min21>63,C>mxH3.1,Price<10
Recs
foolpeterka
(< 20)
Submitted: 10/24/2008 2:04:05 PM :
Start Price:
$3.27
OMEX Score:
-82.57
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
FundamentalGamma
(48.22)
Submitted: 12/18/2007 12:16:42 AM :
Start Price:
$5.05
OMEX Score:
+47.51
FS = 15
Gamma = .23
Fundamentals very bad, price very overvalued..
Recs
gentletrader01
(83.74)
Submitted: 5/29/2007 2:07:41 PM :
Start Price:
$6.74
OMEX Score:
+53.30
Claims that treasure found are worth fortunes are silly when they are based on historical prices of rare coins. If you find tons of what were once rare coins, they aren't rare any more. The >$300 million market cap for this stock is just silly.
Recs
greyboomer
(28.10)
Submitted: 6/22/2007 12:16:19 PM :
Start Price:
$6.24
OMEX Score:
-51.63
Into every portfolio a few long-shots must come; otherwise, where is the fun? I have just 100 shares of this long shot, but my gut keeps telling me that their newest discovery may be real. I am betting my bit on this one. Makes me feel swashbuckling! Besides their high cost exploration, they have a developing retail/entertainment business in Tampa and online sales for their gold coins and artifacts. I know they are high maintenance, but I'm betting on them for the long run.
Recs
IMakeItRain
(89.17)
Submitted: 3/13/2008 10:57:56 PM :
Start Price:
$5.86
OMEX Score:
-59.47
MARINE EXPLORATION COMPANY INVOLVED WITH DISCOVERY OF SHIPWRECKS WITH GOLD, SILVER, AND NEW DISCOVERIES
Recs
jayhawk86
(< 20)
Submitted: 5/29/2007 4:01:33 PM :
Start Price:
$6.76
OMEX Score:
-53.51
This company has the technology to mine for gold in sunken treaseures and seems to have the sophistication to extend there core business into entertainment.
Recs
Jfife
(< 20)
Submitted: 11/2/2008 12:33:46 AM :
Start Price:
$3.76
OMEX Score:
+74.46
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.
Recs
kahunabench
(< 20)
Submitted: 2/25/2008 11:54:41 AM :
Start Price:
$4.83
OMEX Score:
-51.51
Speculative, but a long term play -- and spikes up occasionally for big gains.
Recs
kkconway
(90.37)
Submitted: 6/5/2009 1:52:33 PM :
Start Price:
$2.02
OMEX Score:
-38.28
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!
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