Seanergy Maritime Holdings Corp. (SHIP)

[TheInvisibleHand ™]

Ship is one of the best investments for the short term and longer. The OS did change and so has the size of the fleet from 3 ships to 20 ships.
When all my due diligence is completed with the research links and notes I will be happy to send it to you. We are days away from this not being a little secret anymore. There are a number of investors conferences coming up. Gold, Copper, other commodities are booming, some predict 2011 to be there Year where the $BDI once again makes a run to previous high. There is a ton of new money in the money supply which will know look for a way to outpace the coming inflation. I don't want to get off track, I don't want to brag but my analysis of what would happen in 2010 has been right on the mark.


I don't post on IHUB much anymore, as I feel most people here wouldn't know a great potential long term investment if hit them in the face .

Most people here are interested in stocks under .10 and most don't want to hold for more then a day.
To each is own, I swing trade, day trade, scalp, also but SHIP has always been a long-term investment for me. I look at the stock chart and fundamentals and only see upward movement coming in the short term and longer. This is the same way, I felt about FITB, DTG, and the countless other stocks I liked in the 1's area. They may not all explode the next day, but I know when I see great profit potential in front of me. Now past performance does not necessarily equal future returns, but all those past success had a few common denominators. They were all extremely fundamentally Undervalued with charts that have huge upside potential. I wouldn't be surprised to see the SHIP chart make higher highs then when it first ipo-ed going forward.


Sorry for the long ramble...

To answer your question the OS has changed since the acquisition of the 100% now owned addition to the fleet. The company when it Ipo'ed only had 3 ships and around 30 mil OS. It my guess, after the 20 ships are fully acquired, the OS will be around 100 mil.


I have no problem with that if the acquisition adds to the bottom line.

I believe I read that this year expect around 104 mil in net revenue. This would give the stock A EPS slightly under 1.00 for 2010. This same thing happened in the 90's stock were trading at very low P?E's but eventually they return to normal levels. A 10 P/E is average for a non tech stock. Being conservative once this stock gets noticed by return starved investors, the stock should trade back to historical price valuations. A 10 P/E would put us at:

.90 EPS X 20 P/E =18.00 a/share
.90 EPS X 10 P/E =$9.00 a/share
.90 EPS X 5 P/E = 4.50 a/ share


Above is just a example to show you why I think it's so undervalued here.

The O/S might be 110 mil, but from my calculations it' should be in the 100-110 tops range. So this is my best guesstimate and please do your dd from reading through the filings and take yours.

This is also assuming the acquisition is complete, remember one half as been completed and we are expected to see the rest in NOV.

Okay amigo, sorry I shouldn't be writing when I'm tired. I ramble and ramble but will share my updated research notes first chance I get with you. Maybe Iwis, will mode me and I can throw it up in the IBOX.