$35.56

-0.01 (-0.03%)

8/29/2008 4:01 PM

Teekay Corp (TK)

CAPS Rating:

The Company is a provider of international crude oil and petroleum product transportation services through our spot tanker fleet.

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What the Community Thinks

Total Members

143 Outperforms

5 Underperforms

All-Stars

52 Outperforms

3 Underperforms

Wall Street

5 Outperforms

0 Underperforms

Members bullish on TK are also bullish on:

Members bearish on TK are also bearish on:

Ticker Tags

Mid Cap (670), Shipping (60), Small Cap (1922)
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Teekay Corp At A Glance

Current Price:	$35.56
Last Trade Time:	8/29/2008 4:01 PM
Open:	$35.43
Previous Close:	$35.57
Daily Range:	$35.27 - $35.82
52-Week Range:	$32.81 - $62.61
Volume:	529,103
Market Cap:	$2.59B
P/E Ratio:	17.70
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Stock Trends

TK VS S&P 500 (SPY)

News & Discussion Boards

Other News Headlines for TK

S&P downgrades Teekay over acquisition debt
8/27/2008 4:22:00 PM - AP
Sector Snap: Tankers gain as oil rises
8/27/2008 1:38:00 PM - AP
Movers roundup: Limited Brands, Citi Trends
8/21/2008 3:12:00 PM - AP
Teekay Corp. shares higher on upgrade
8/21/2008 11:15:00 AM - AP

More Headlines...

Top Bull Pitch

Recs

1 Teekay Corp (TK)

Avatar TMFDeej (99.49) Submitted: 8/21/08 2:22 PM

Two weeks ago I blogged about how I expected tanker stocks to rebound in the near future after getting beaten up lately:

"The stocks of tanker companies have been hit pretty hard over the past month or so, even shares of my favorite one Frontline (FRO). Rightfully so, too gi...More

Replies: 0 | Reply | Permalink

Top Bear Pitch

Recs

1 Teekay Corp (TK)

Avatar cbixel (< 20) Submitted: 4/19/07 8:39 PM

Choose the best answer:
A)TK is too expensive
B)OSG (Overseas Shipholding) is too cheap
C)both A and B are true

Clues:

TK is a large fleet of oil tankers.
OSG is a large fleet of oil tankers.
TK and OSG have two important differences:

1)TK has more debt, and

2)TK's PE is 17 on steadily falli...More

Replies: 1 | Reply | Permalink

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Recs 0 (TK) dannp (73.35) Submitted: 8/28/08 12:36 PM : Start Price: $35.32 TK Score: 1.40 Unless our country starts cutting back on imported crude, this company will be greatly needed. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (TK) givmeabreak (89.29) Submitted: 8/21/08 3:21 PM : Start Price: $35.00 TK Score: 1.15 TMFDeej rec. Also a canadian company. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 1 (TK) TMFDeej (99.49) Submitted: 8/21/08 2:22 PM : Start Price: $34.80 TK Score: 1.44 Two weeks ago I blogged about how I expected tanker stocks to rebound in the near future after getting beaten up lately: "The stocks of tanker companies have been hit pretty hard over the past month or so, even shares of my favorite one Frontline (FRO). Rightfully so, too given the massive 46% drop in oil-tanker rental rates that was reported last week. Rates may soon begin to reclaim some of the ground that they lost though. Bloomberg is reporting that tanker owners have instructed captains to slow down their ships. The average speed of very large crude carriers (VLCCs as they are called in the industry) has reportedly dropped 3.8% to 10.21 knots since July 12. This slowdown will theoretically reduce the supply of available ships and cause shipping prices to rebound. The last time tanker owners pulled a move like this, in the last quarter of 2007, tanker rental rates posted their fastest two month rise in at least 16 years! On this news, I have added two more tanker companies to my CAPS portfolio, in addition to FRO which I am already long. They are Nordic American Tanker (NAT) and Knightsbridge Tankers (VLCCF)." Today Credit Suisse came out with a bullish call on a Canadian tanker company called Teekay Corporation (TK). TK has gotten crushed lately, down 25% over the past month and it is sitting at a three-year low...and rightfully so. Tanker spot rates have fallen off of a cliff and the company recently announced that it will restate its earnings from an announcement by the company that it will restate its 2003 - 2008 earnings. Credit Suisse believes that the sell-off in TK has been overdone and I agree. First of all, even though they have dropped considerably tanker rates are still sitting spproximately 75% higher than they were during the same period last year. Not to mention the fact that they are showing signs of rebounding. Furthermore, while the restatement is somewhat troubling Teekay contends that its cash flow and liquidity as of Q2 '08 will not be impacted. Most importantly though, TK is cheeeeeap. It is currently trading at TK is trading at 15% below the book value and 45% below the net asset value that Credit Suisse has calculated for it. I plan on seeing if I can squeeze TK into my CAPS portfolio. Deej No position in TK Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (TK) dexion10 (89.67) Submitted: 8/08/08 8:29 AM : Start Price: $35.13 TK Score: -0.52 CONCERNS OVERBLOWN. TK dropped on the announcement of an accounting irregularity related to derrivatives which caused the company to miss earnings by a nominal amount. This issue will not affect cash flow, shareholders equity, or future earnings. Basically the market over-reacted I've seen this before with Tyco and it was a buying opportunity. In an awful market like this one the only stocks worth touching are those that have had their clocks cleaned and this is one of them... enjoy! Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (TK) peggy1116 (< 20) Submitted: 6/26/08 12:53 AM : Start Price: $50.67 TK Score: -20.04 needed product Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out.
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Wall Street

Results 1 - 5 of 5

picks per page. CHANGE

Top Pick	Member Name	Member Rating	Start Date	Call	Time Frame	Start Price	Stock Gain	S&P Gain	Score	Pitch
	TrackCreditSuiss	96.58	08/21/08		NS	$34.43	+3.28%	+1.59%	+1.69
	TrackCitigroup	86.86	03/18/08		NS	$38.71	-8.13%	-1.40%	-6.73
	TrackLazardCapit	87.26	02/12/08		NS	$44.27	-19.67%	-4.98%	-14.69
	TrackJefferies	94.66	01/23/08		NS	$38.92	-8.64%	+1.34%	-9.98
	TrackJPMorgan	90.57	03/01/07		NS	$48.05	-25.99%	-7.57%	-18.42

Results 1 - 5 of 5

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