Ultrapetrol (Bahamas) Limited (ULTR)
An industrial shipping company serving the marine transportation needs of clients in the geographic markets. The Company serves the shipping markets for grain, forest products, minerals, crude oil, petroleum and refined petroleum products.
Recs
ajredwing
(< 20)
Submitted: 11/22/2009 2:24:52 PM :
Start Price:
$5.01
ULTR Score:
-3.55
New at this but seems to be a great stock to have in one's portfolio!
Recs
00100
(96.79)
Submitted: 11/11/2009 12:08:34 AM :
Start Price:
$4.76
ULTR Score:
-1.09
Downthumb. Continuing overcapacity in shipping. Negative free cash flow. Nominal debt ratio.
Recs
Recs
Penthermix
(61.82)
Submitted: 10/28/2009 3:27:25 PM :
Start Price:
$4.80
ULTR Score:
-5.10
energy's time is coming
Recs
mizims
(45.68)
Submitted: 10/14/2009 9:13:09 PM :
Start Price:
$5.33
ULTR Score:
-11.05
Is a shipping of things we humans need...may get kicked down somewhat IF we get a pullback. Keeping my eye on it.
Recs
civilwarguru
(< 20)
Submitted: 10/12/2009 4:31:59 PM :
Start Price:
$5.35
ULTR Score:
-12.68
Look at what it did it will keep growing
Recs
Merddin1
(30.14)
Submitted: 10/9/2009 2:35:47 AM :
Start Price:
$5.18
ULTR Score:
-10.60
Fuel is vital to our way of life
Recs
Recs
dexxyru
(< 20)
Submitted: 9/24/2009 2:55:33 PM :
Start Price:
$4.75
ULTR Score:
+3.60
the correction is coming!!! 10-15 pct
Recs
armanr
(< 20)
Submitted: 9/16/2009 9:04:10 PM :
Start Price:
$5.54
ULTR Score:
-16.45
shipping heating up in Bahaman area
Recs
michaeltbryant
(< 20)
Submitted: 9/15/2009 9:26:26 PM :
Start Price:
$5.42
ULTR Score:
-15.57
Shipping is going to lead the pack.
Recs
monkeydarts100
(82.90)
Submitted: 9/11/2009 12:08:41 PM :
Start Price:
$4.97
ULTR Score:
-8.85
growth in gulf of mexico operations (ie BP) will only mean more business for this successful on shipping company -- as they benefit from both supplying oil rigs and transporting commodities
Recs
bartleyrc
(69.51)
Submitted: 8/27/2009 11:09:58 PM :
Start Price:
$5.02
ULTR Score:
-10.40
I like this stock at this price. Drill, baby drill!
Recs
Recs
randomvariable
(99.22)
Submitted: 8/13/2009 11:30:03 AM :
Start Price:
$4.97
ULTR Score:
-12.67
Bandwagon Bandwagon Bandwagon
Recs
Upbeat2
(< 20)
Submitted: 7/10/2009 3:18:47 PM :
Start Price:
$4.06
ULTR Score:
-6.94
Yikes ,,, the value is there. and in so far as their barge operations, they almost have a monoploy. Well managed, well financed ... this is a quality stock.
Recs
Investorloi
(67.55)
Submitted: 6/30/2009 1:34:49 PM :
Start Price:
$4.43
ULTR Score:
-12.14
Good ratios (low p/b, p/s, p/e), and high insider ownership (34%)
Recs
jbs4radio
(< 20)
Submitted: 6/26/2009 2:17:50 AM :
Start Price:
$5.02
ULTR Score:
-11.27
Google Zacks Releases Four Powerful ''Buy'' Stocks if you trust them it may return 26%
Recs
ttledbetter
(37.13)
Submitted: 6/24/2009 9:03:04 PM :
Start Price:
$4.44
ULTR Score:
-15.12
It is under valued at this time.
Recs
jchawk
(< 20)
Submitted: 6/24/2009 1:59:31 PM :
Start Price:
$4.48
ULTR Score:
-15.60
I've just been listening to the Q1 call again.
A couple of interesting notes that I wanted to mention again -
- Earned - .03 cents a share in the Q1.
- Passenger Vessel business has been fully disposed of.
- 88.5 Million in cash and equivalents.
- 70+ Million in financing available.
- Lowered river operating costs by 10%
- Reduced debt by 9.2 million to 66.1 million.
- Freight rates for the rivers in SA actually increased 2% in Q1.
- Assuming a return to normal river conditions this company should be
more profitable then 2008 levels in 2010.
- Still believe that 4 to 4.5 million in revenue reduction in 2009.
- Company is positioning itself for 2010 and beyond. They are doing this by keeping a hefty supply of cash on hand.
- Only 1 vessel operating on the spot market in the offshore business. The rest are operating on fixed long term contracts.
- In the Ocean business 4 tankers are operating under long term contracts, and they recently added 1 additional vessel.
- The ocean business has provided a stable revenue stream because it does not operated on the spot rate but instead on long term contracts.
- The company has cash and financing available to fund operations fully through 2010.
- The company does not see rate declines for any ships coming off of long term leases as most were fixed around 2005 rates.
40% of the total (across all companies) South American fleet will be greater then 30 years old so ULTR is in great shape because they have been actively upgrading and replacing their fleet. They are poised to further expand there percentages of these markets over the next few years. One of the only risks is river and production levels due to drought.
If you listen to the call again and read between the lines this company is positioned to have an extremely strong 2010 year which should lead to a share price equal to or better then the 2008 levels.
In my opinion I conservatively see ULTR reaching an $18.00 per share price over the next 6 to 7 quarters, potentially even higher.
I argue that this is probably the strongest investment in the shipping sector and should bring great returns over the next couple of years.
I really like that they are focusing long term rather then short term. :)
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