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Guys, I sold Monday and Tuesday to get most my money back.
That was an extreme PPS increase the last few days...made me nervous. I didn’t get in at the bottom and I didn’t sell at the top, obviously sold some shares too soon, but darn happy I didn’t wait until today.
I only sold enough to get back most of my original cost and currently left holding around 70% of the shares at an average of around 35 cents/share. I hope USS can get their ducks in a row in the coming years. Be sweet to see USS back up in the $10+/pps range in 2009.
I’m obviously going to keep an eye on em moving forward. Who knows, maybe another trade and I can wipe out that remaining .35/share…lol!
GLTA!
Scov.
Sure. It's a tradeable stock, no doubt.
i still think anyone could even if they get in now
Yeah :( But it was a nice chart. I think many people did well overall.
i think everyone was playing the 54% divvy until they cancelled it today
Damn... So much for that... Crap that'll kill the chart.
...Will Not Pay Second Quarter Distribution
Wednesday, July 30, 2008 09:00ET
EDISON, NJ -- (MARKET WIRE) -- 07/30/08 -- U.S. Shipping Partners L.P. (NYSE: USS) today announced that its review of strategic alternatives and its negotiations with its lenders to amend certain financial covenants under its senior credit facility are continuing. In light of these continuing efforts, the Partnership has determined that it will not pay a distribution on its units for the quarter ended June 30, 2008.
http://www.knobias.com/story.htm?eid=3.1.d182b65f009afb50e18d381ce51571b0bff383506a30d8a555c0d3226106409e
Ok I guess it was just a sell off today.I dont see any news to justify it.
Yeah,when my bank says a 5% return on savings is good I just smile.
even flipping would be good....13% could be made now from yesterday....thats a good return
OK I just justified the 13 bucks,Anyway....I cant believe this pps has come down so far.If I read too much more about this one I will have to sleep on the couch tonight..ya know.The wife will kill me if I buy more.
go read about there future on the links i posted.....good strong company.
welcome neighbor.
Yeah,I surf over there all the time.Great fishing too.I cant pm I havent justified the 13 bucks a month yet.I plan on telling some folks about USS.Imo this will be fun.
Check out chart players http://investorshub.advfn.com/boards/board.aspx?board_id=11403 My new baby..
http://www.specialized.com/bc/SBCBkModel.jsp?spid=33984
U.S. Shipping Partners L.P. is a leading provider of long-haul marine transportation services, principally for refined petroleum products in the U.S. Jones Act trade. We are also a leading provider of coastwise transportation of petrochemical and commodity chemical products.
Our existing fleet consists of eleven vessels; six integrated tug barge units (“ITBs”); one product tanker; three chemical parcel tankers; and one articulated tug barge unit (“ATB”). With the addition of a series of ATB units currently under construction, we are adding double-hull newbuilds to our fleet that will serve customers in both the refined petroleum product and
chemical markets.U.S. Shipping Partners L.P. is listed on the New York Stock Exchange (NYSE) under the symbol "USS".
http://www.usslp.com/
General Dynamics NASSCO Begins Construction of Third Product Carrier Ship
SAN DIEGO, July 24 /PRNewswire/ -- General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics (NYSE:GD), today began construction of the third ship in its series of nine product carriers. The shipyard is scheduled to lay the ship's keel in November and deliver the ship to U.S. Shipping Partners (NYSE:USS) in the fourth quarter of 2009.
In August 2006, General Dynamics NASSCO received a $1 billion contract from U.S. Shipping Partners to build the nine ships, which are designed to carry petroleum and chemical products in Jones Act trade between U.S. ports. The ships will be double-hulled, 183 meters (600.4 feet) in length and can carry cargo weighing up to 49,000 tons.
U.S. Shipping Partners previously announced that the third ship will be named "Sunshine State," in honor of the state nickname of Florida.
General Dynamics NASSCO employs approximately 4,700 people and is the only major ship construction and repair yard on the West Coast of the United States. In addition to the Product Carrier ship program, NASSCO is also building the Lewis and Clark-class of dry cargo-ammunition ships for the U.S. Navy. Additional information on NASSCO can be found at http://www.nassco.com/.
General Dynamics, headquartered in Falls Church, Va., employs approximately 84,000 people worldwide and reported 2007 revenues of $27.2 billion. The company has leading market positions in mission critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation. More information about the company is available on the Internet at http://www.generaldynamics.com/.
DATASOURCE: General Dynamics NASSCO
CONTACT: Karl D. Johnson of General Dynamics NASSCO, +1-619-544-8860,
Cell, +1-619-756-5039,
Web site: http://www.nassco.com/
http://www.generaldynamics.com/
somebody knows something about this stock
up 50 cent today
i was checking dividend plays a month ago and saw they paid a 54% divvy at like 2 bucks a share....very unusual but very profitable then some news came out and the stock soared....happy happy
I just saw the 52wk low was 1.25...Geeez where was I..Chasing friggin penny stocks...
My new baby..
http://www.specialized.com/bc/SBCBkModel.jsp?spid=33984
i agree....i wish i would have got mine 2 weeks ago
Im taking a nice position in this today.I see this going back over $10 in my uneducated oppinion.
54% divvy is unheard of....plus the stock is moveing in leaps and bounds....congrats
Yeh Man, I got lucky.
What’s the one about the acorn falling on the head of a blind squirrel…LOL!
Wouldn't it be a hoot if they paid a (any size) dividend again this qtr.
what a run...
LOL.. that's a good pic.
OOps! sorry! but USS is looking sweet now and congrats to those that held!
You made the bubble cry :(
Good call soapy
but I sold too early :(
I hope so! LOL. Nah, let it climb.
How does any Company go from a Qtrly Divy to BK?
http://www.dividendinvestor.com/historical.php?no=55179
Won’t there be some wiggle-room in between? As nasty as the June 11th 8-K was/is...http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5725263 ...did it close the lid on USS’s coffin?
Respects and Best Wishes!!
Scov.
~ ~ Safe to take a position here?... ‹(•¿•)›
Short Interest DN 16.6% to 276.8K in Mid Jul 2008
According to new short interest data from NYSE, short interest for U.S. Shipping Partners L.P. (NYSE: USS) DECREASED 16.6% to 276,821 shares as reported in mid-July, 2008.
~ ~ ~ ~
Based on USS's 20-day average daily share volume of 158,016, it would require approximately 2 day(s) of buying to cover this short interest.
http://www.knobias.com/story.htm?eid=3.1.6745a62479928442034aaef8c8690574aaad783980a1a999d645b047ef8f3129
This might get crazy on the way to the 50 day
NICE! I knew USS wasn't dead :)
General Dynamics NASSCO Begins Construction of Third Product Carrier Ship
Thursday , July 24, 2008 12:21ET
SAN DIEGO, July 24 /PRNewswire/ -- General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics (NYSE: GD), today began construction of the third ship in its series of nine product carriers. The shipyard is scheduled to lay the ship's keel in November and deliver the ship to U.S. Shipping Partners (NYSE: USS) in the fourth quarter of 2009.
In August 2006, General Dynamics NASSCO received a $1 billion contract from U.S. Shipping Partners to build the nine ships, which are designed to carry petroleum and chemical products in Jones Act trade between U.S. ports. The ships will be double-hulled, 183 meters (600.4 feet) in length and can carry cargo weighing up to 49,000 tons.
U.S. Shipping Partners previously announced that the third ship will be named "Sunshine State," in honor of the state nickname of Florida.
General Dynamics NASSCO employs approximately 4,700 people and is the only major ship construction and repair yard on the West Coast of the United States. In addition to the Product Carrier ship program, NASSCO is also building the Lewis and Clark-class of dry cargo-ammunition ships for the U.S. Navy. Additional information on NASSCO can be found at http://www.nassco.com.
General Dynamics, headquartered in Falls Church, Va., employs approximately 84,000 people worldwide and reported 2007 revenues of $27.2 billion. The company has leading market positions in mission critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation. More information about the company is available on the Internet at http://www.generaldynamics.com.
SOURCE General Dynamics NASSCO
http://www.knobias.com/story.htm?eid=3.1.c79d67dca4be085c62460b6292c96b178b8432085321da6270d890a3518c41b2
For now, it's a pincher play. Their future is a big question mark and no one quite knows honestly. The only real insight are the recent wires and the last SEC filings. If you read those, you're about as in the loop as anyone.
Will they stay on the NYSE? Part of me says no. But hey, if it's a flipper, it's money.
This company is interesting. Just found this bad boy. What does everyone think about the chances for USS staying solvent with continued operations? I've read some on other boards saying that bankruptcy is possible, etc. I have just started looking into USS. The price is right and a listing on NYSE is golden. Also, the line of business is just right. Why are they not making enough money right now? Just some general questions. Thanks for any input in advance.
Yup. I mentioned the symbol to ya :P
OMG soapy! I didn't know you had this board too!
I've had this stock posted on the HOP board for a couple of weeks waiting for it to finally bottom and it just kept going lower and lower. Yesterday, I posted the chart on freto's pincher board and a few others got in too and well weeeeeeeeeee @ today's run :)
**Click here**
Wheee! This is a fun one to wait out.
Is 3rd QTR Tuesday?
Safe to take a position here?
‹(•¿•)›
Should be some climbing next week -- usually a nice pincher this cheap will give a little more profit.
Where did these "soap bubbles" come from today?
Tooooo Soon!! I am disappointed.
Onward Thru The Fog!!!
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~ Click Pic for Home Page (Investor Relations , SEC, PR)
CIK 0001299716
~ Click for MM Bid/Ask, Historical Volume and Prices within Chart, yada-yada .....
U.S. Shipping Partners L.P. was originally listed on the New York Stock Exchange (NYSE) under the symbol "USS" down listed to the Pinksheets under the symbol "USSPZ" on November 6, 2008.
Overview of US Shipping Partners LP (USSPZ:OTC)
We are a provider of long-haul marine transportation services, principally for refined petroleum products, in the U.S. domestic "coastwise" trade. We are also involved, to a limited extent, in the coastwise transportation of petrochemical and commodity chemical products. Marine transportation is a vital link in the distribution of refined petroleum, petrochemical and commodity chemical products in the United States, with approximately 28% of domestic refined petroleum products being transported by water in 2002. Our fleet consists of eight tank vessels: six integrated tug barge units, or ITBs, and two specialty refined petroleum and chemical product, or parcel, tankers. Our primary customers are major oil and chemical companies. A significant portion of our fleet capacity is currently committed to these companies pursuant to contracts with initial terms of one year or more, which provides us with a relatively predictable level of cash flow. We do not assume ownership of any of the products that we transport on our vessels.
Our market is largely insulated from direct foreign competition because the Merchant Marine Act of 1920, commonly referred to as the Jones Act, restricts U.S. point-to-point maritime shipping to vessels operating under the U.S. flag, built in the United States, at least 75% owned and operated by U.S. citizens and manned by U.S. crews. All of our vessels are qualified to transport cargo between U.S. ports under the Jones Act.
We began operations in September 2002 when we acquired our six ITBs from a division of Amerada Hess that was managed by several executive officers of our general partner. Our six ITBs primarily transport clean refined petroleum products, such as gasoline, diesel fuel, heating oil, jet fuel and lubricants, from refineries and storage facilities to a variety of destinations, including other refineries and distribution terminals. Four of our ITBs are currently operating under contracts with Hess, BP and Shell, one of which expires in September 2005 and one expires in January 2006 with the remaining two expiring in late 2006. Our remaining two ITBs are currently operating in the spot market. Regardless of our contract rates and rates in the spot market, we are assured specified minimum charter rates for our ITBs through September 13, 2007, subject to certain limited exceptions, pursuant to a support agreement we entered into with Hess in connection with our acquisition of the six ITBs.
Our two parcel tankers, the Chemical Pioneer and the Charleston, which we acquired in May 2003 and April 2004, respectively, primarily transport specialty refined petroleum, petrochemical and commodity chemical products, such as lubricants, paraxylene, caustic soda and glycols, from refineries and petrochemical manufacturing facilities to other manufacturing facilities or distribution terminals. We have contracts with Dow Chemical, ExxonMobil, Koch Industries, Lyondell Chemical and Shell with specified minimum volumes that will, in aggregate, account for approximately 74% of the anticipated usable capacity of the Charleston through July 2007 and 75% of the anticipated usable capacity of the Chemical Pioneer through February 2007. In addition, these customers are generally required to ship on our parcel tankers any additional volumes of these products shipped to the ports specified in the contracts. As a result, we expect these companies will utilize substantially all of the non-committed capacity of these vessels during those periods.
In August 2004, we signed a fixed-price contract for construction of a 19,999 ton articulated tug barge unit, or ATB, which is scheduled to be delivered in early 2006. We have entered into contracts to carry commodity chemical products with specified minimum volumes that will utilize approximately 77% of the ATB's anticipated capacity through September 2007 and approximately 67% of the ATB's anticipated capacity thereafter through June 2010. If delivery of the ATB is delayed, we anticipate that we will either use available cargo capacity on one of our vessels or charter additional vessels to meet our contractual obligations pending delivery of the ATB. Our ATB construction contract also provides us with options to purchase three additional ATBs over the next 24 months at fixed prices, subject to limited exceptions.
Transfer Agent: American Stock Transfer & Trust Company, 59 Maiden Lane, New York, NY 10038. Phone: 800-937-5449
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