Ultrapetrol (Bahamas) Limited (NASDAQ:ULTR)

CAPS Rating: 1 out of 5

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.

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Member Avatar rknapton (< 20) Submitted: 8/22/2013 5:14:13 PM : Underperform Start Price: $3.66 ULTR Score: +67.06

Short. Losses widening substantially.

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Member Avatar NagaTikus (< 20) Submitted: 11/20/2012 1:00:33 AM : Outperform Start Price: $1.60 ULTR Score: -17.06

Back Water Territory! OK, I`ll take the risk...please don`t shoot the messanger-KLM-

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Member Avatar barr60 (< 20) Submitted: 7/13/2010 5:53:19 PM : Outperform Start Price: $4.56 ULTR Score: -144.18

As ULTR gets more press, you will see big upgrades. They are a big player with agriculture and energy transport, in So. America $10 by 2011.

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Member Avatar ajredwing (< 20) Submitted: 11/22/2009 2:24:52 PM : Outperform Start Price: $5.01 ULTR Score: -145.91

New at this but seems to be a great stock to have in one's portfolio!

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Member Avatar mizims (20.60) Submitted: 10/14/2009 9:13:09 PM : Outperform Start Price: $5.33 ULTR Score: -151.82

Is a shipping of things we humans need...may get kicked down somewhat IF we get a pullback. Keeping my eye on it.

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Member Avatar civilwarguru (< 20) Submitted: 10/12/2009 4:31:59 PM : Outperform Start Price: $5.35 ULTR Score: -154.45

Look at what it did it will keep growing

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Member Avatar onthewayup2525 (< 20) Submitted: 9/30/2009 11:40:51 PM : Outperform Start Price: $4.89 ULTR Score: -154.49

yea

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Member Avatar dexxyru (< 20) Submitted: 9/24/2009 2:55:33 PM : Underperform Start Price: $4.75 ULTR Score: +153.62

the correction is coming!!! 10-15 pct

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Member Avatar armanr (< 20) Submitted: 9/16/2009 9:04:10 PM : Outperform Start Price: $5.54 ULTR Score: -157.15

shipping heating up in Bahaman area

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Member Avatar monkeydarts100 (93.27) Submitted: 9/11/2009 12:08:41 PM : Outperform Start Price: $4.97 ULTR Score: -157.11

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

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Member Avatar michaelforbes (< 20) Submitted: 8/14/2009 8:11:09 AM : Outperform Start Price: $5.15 ULTR Score: -165.12

vg

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Member Avatar Upbeat2 (< 20) Submitted: 7/10/2009 3:18:47 PM : Outperform Start Price: $4.06 ULTR Score: -184.91

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.

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Member Avatar Investorloi (70.96) Submitted: 6/30/2009 1:34:49 PM : Outperform Start Price: $4.43 ULTR Score: -180.39

Good ratios (low p/b, p/s, p/e), and high insider ownership (34%)

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Member Avatar ttledbetter (< 20) Submitted: 6/24/2009 9:03:04 PM : Outperform Start Price: $4.44 ULTR Score: -185.80

It is under valued at this time.

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Member Avatar jchawk (< 20) Submitted: 6/24/2009 1:59:31 PM : Outperform Start Price: $4.48 ULTR Score: -185.31

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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Member Avatar WR19301952 (< 20) Submitted: 5/19/2009 6:42:36 PM : Outperform Start Price: $4.52 ULTR Score: -182.14

Well managed, debt manageable, great sector, profitable and way undervalued.

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Member Avatar Halwin (< 20) Submitted: 5/4/2009 5:32:52 PM : Outperform Start Price: $4.00 ULTR Score: -179.51

ULTR Ultrapetrol(Bahamas) has had connsecutive growth quarters..Records show about 50% of shares is held by institutions..Recently the company said they are buying back shares worth 30 million by sept 09...Ultr earnings to come out May 12 and is expected to have increase..Ultr is selling the last passenger liner they have to concentate on the three most profitable sectors of their ocean and river shipping business.Ultr is building their own barge building facilities with 45 added barges a month to grow the business.ULTR has 29 mil shares outstanding but only 8 million in the float.....What happens when that small float is purchased and held by the public or private sector....When expansion news hits the press over thye summer of 09 and earnings continue to climb,and by september the compoany buys of the 30 million worth of shares.the supply of shares will be extremely low verses demnd.In that case the shares would go up on demnd by several dollars a day ,leveling off somwhere over 30 dollars or more a share.You do the research and math and tell me what you see comming. i think ULTR is the sleeping giant of current times on wallstreet and they will get huge attention when the timing is right .....thats sometime after about october or so in my best opinion!

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Member Avatar rabidtigerfan (< 20) Submitted: 5/21/2008 2:01:16 AM : Outperform Start Price: $14.27 ULTR Score: -137.63

right business right time. I have high hopes for this stock. The company operates in a few sements that should do well. Increased trade between China and South America should help this company.

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Member Avatar UberGadfly (< 20) Submitted: 5/19/2008 8:47:59 AM : Outperform Start Price: $13.10 ULTR Score: -135.23

UltraPetrol was hit hard by low river levels in South America in 2007, burdening them with significant repositioning expenses. But, levels returned at the beginning of this year, they have showed significant gains over the previous year, and the overall hunger of South America for growth will continue a high demand for oil and bulk deliveries inland. In addition, I like UltraPetrol for its diversification into multiple areas of shipping including: Inland Dry Bulk and Petroleum, Ocean Dry Bulk and Petroleum, OSV, and Cruise Ship Ops in Europe. I think this is a good well-rounded "up and comer" in the shipping world who will see significant gains for the next 5 years.

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Member Avatar swissrobinson (< 20) Submitted: 4/11/2008 3:52:03 PM : Outperform Start Price: $9.02 ULTR Score: -138.95

Significant fleet expansion in barges and offshore supply vessels 2007 through 2009. Net income is down in 2007 on losses through hedging and deferred income tax.

Yet growth is anticipated on barge shipping of increasing agriculture output in various Sth American countries. The company in anticipation of such has overhauled its barge fleet with heavier engines. Iron ore is another product the company moves as well.

Six new offshore supply vessels will come online from 2009 which should time nicely with increased offshore drilling, especially in Brazil.

Unless commodities tank, which would be short term, this company should be cruising in a couple of years.

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