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Wednesday, March 09, 2011 7:13:56 PM
GMR General Maritime "CHARTS"
Top Stock Picks Under $5 for 2011
http://www.thestreet.com/print/story/10950401.html
General Maritime(GMR)
Company Profile: General Maritime is a provider of international seaborne crude-oil transportation services.
Share Price: $3.18 (Dec. 17)
2010 Stock Performance: -54%
Analyst Consensus: General Maritime garners seven "buy" ratings from analysts. Another six have a "hold" rating and five more have a "sell" on General Maritime.
Bullish Case: In a Nov. 2 research note, Credit Suisse analyst Gregory Lewis -- who has a buy rating and an $8 price target on General Maritime -- wrote that market expectations of a common equity increase are premature.
"We believe GMR offers a compelling entry point at the current stock price," Lewis wrote. "We expect eventual vessel sales to pave the way for a turnaround in the stock. Should tanker rates surprise significantly to the downside, we could see a scenario where the company could issue a preferred security. We view this as a potential scenario only in a prolonged distressed freight rate environment."
gmr ----- charts
Top Stock Picks Under $5 for 2011
http://www.thestreet.com/print/story/10950401.html
General Maritime(GMR)
Company Profile: General Maritime is a provider of international seaborne crude-oil transportation services.
Share Price: $3.18 (Dec. 17)
2010 Stock Performance: -54%
Analyst Consensus: General Maritime garners seven "buy" ratings from analysts. Another six have a "hold" rating and five more have a "sell" on General Maritime.
Bullish Case: In a Nov. 2 research note, Credit Suisse analyst Gregory Lewis -- who has a buy rating and an $8 price target on General Maritime -- wrote that market expectations of a common equity increase are premature.
"We believe GMR offers a compelling entry point at the current stock price," Lewis wrote. "We expect eventual vessel sales to pave the way for a turnaround in the stock. Should tanker rates surprise significantly to the downside, we could see a scenario where the company could issue a preferred security. We view this as a potential scenario only in a prolonged distressed freight rate environment."
gmr ----- charts
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