TOP Tankers, Inc. (NASDAQ:TOPS)

CAPS Rating: No stars

The Company is a provider of international seaborne transportation services, carrying refined petroleum products and crude oil.

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Member Avatar twnewbie (< 20) Submitted: 2/19/2007 9:26:14 AM : Outperform Start Price: $14.82 TOPS Score: -86.14

Big institutional investors (Kingdom Holdings Inc. 8.4%, QVT Financial LP 9.27%) have accumulated huge positions.

If Kingdom Holdings is what I think it is (i.e., the holding company of the Saudi Prince), then I think it will be very interesting to watch this stock in the near future.

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Member Avatar Mephistophilliss (71.79) Submitted: 1/12/2007 8:12:43 AM : Outperform Start Price: $15.03 TOPS Score: -88.61

They're makin money... their p.e is quite low compared to the growth potential they have.. recent capital investments are yet to pay off

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Member Avatar capagator (< 20) Submitted: 12/20/2006 10:01:47 AM : Outperform Start Price: $14.85 TOPS Score: -88.21

Market over reacted to accounting issues and company is selling at a 60% discount to book value (which is primarily double-hull tankers). Frontline, a similar company, is selling for over 3x book.

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Member Avatar celmkee (90.53) Submitted: 12/19/2006 10:11:11 PM : Outperform Start Price: $14.55 TOPS Score: -88.16

I love value.

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Member Avatar stabfederline (67.39) Submitted: 12/18/2006 3:18:18 AM : Underperform Start Price: $14.79 TOPS Score: +88.16

The low P/E is astounding, but I start to understand why when I read the news item on the shareholder lawsuit filed against them. The management is crooked. Really crooked. In fact the independent auditors quit because management wouldn't budge from their crookedness. (They're independent, management on the up-and-up should let them do their job indepently.)

Yeah I know the rule is buy low priced, high-valued stocks after scandals, but frankly regardless of their high book value / enterprise cap being far lower than enterprise value, I really doubt that those numbers are legit given what management has shown.

Btw did you know their CEO graduated college in 1999 and yet now somehow owns ~23 oil vessels? Uh huh.

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Member Avatar billf921 (< 20) Submitted: 12/11/2006 1:30:34 PM : Outperform Start Price: $15.33 TOPS Score: -89.03

Topt sold down for many deserved reasons. After year end selling is out of way could bounce back up to 5.60 or so. It's assets are wort about 6 to 7.

If you have a longer term horizion wild card is they sell out to somebody at 7.50.

otherwise just play the dead cat bounc and sell at 5.60 like i will

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Member Avatar TD4Me (44.04) Submitted: 12/6/2006 5:39:20 PM : Outperform Start Price: $15.78 TOPS Score: -89.06

I think that there will be a continued demand for tankers
and as TOPT seems to be undervalued and is moving
ahead with upgrading it's fleet, it should have considerable upward movement in the years to come.

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Member Avatar BradVB (< 20) Submitted: 12/4/2006 11:41:01 PM : Outperform Start Price: $15.63 TOPS Score: -90.27

Trading below book and profitable, no where to go but up!

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Member Avatar CroweByrd (< 20) Submitted: 12/4/2006 2:54:10 PM : Outperform Start Price: $15.42 TOPS Score: -89.24

It's a panic situation... when Cooler heads prevail I would expect this former High-Flyer to sail back to favorability with the market..

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Member Avatar CPB34 (27.02) Submitted: 11/3/2006 3:19:10 AM : Outperform Start Price: $17.70 TOPS Score: -93.61

With a drop in oil prices (over 10% of overhead costs) Operating margins will expand. The company also has an ample amount of free cash giving management options. If the stock gets hit any further, it will get gobbled up by a bigger company.

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Member Avatar berna4jaa (< 20) Submitted: 10/4/2006 5:28:49 PM : Outperform Start Price: $17.28 TOPS Score: -95.20

low PE , stock support price makin bases , well priced during timing of fall new shippin orders

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Member Avatar ciaovi (< 20) Submitted: 10/1/2006 6:52:42 PM : Outperform Start Price: $17.55 TOPS Score: -96.41

lowest pe in group, clean balance sheet, excellent macro outlook

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Member Avatar J9McGee (< 20) Submitted: 8/26/2006 1:42:56 AM : Outperform Start Price: $17.40 TOPS Score: -99.93

This stock has a low P/E and achieves high returns on capital.

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Member Avatar trebor55 (27.97) Submitted: 8/25/2006 12:43:54 AM : Underperform Start Price: $17.85 TOPS Score: +100.22

Not a well managed company, eliminating dividend poor move. Cannot seem to get in sync with the oil market.

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