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Genco Shipping & Trading Ltd. Message Board

  • jmg010453 jmg010453 Nov 1, 2011 4:44 PM Flag

    EARNINGS BEAT

    Earnings were .04 cents for the quarter versus estimates of 1 cent and rev.$94.3MM versus estimates of $92.9MM beat on both eps and revenues for the quarter.

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    • They all may do fairly well but it will nothing but a small fraction of the previouse explosion in prices.

    • When the economy gathers strength GNK, EXM, EGLE, DRYS, and a few others will show extraordinary increase in stock prices.

      I got them all covered, but need to increase my position in EXM, which I'm slowly doing.

      EXM will probably perform the best followed by GNK when this is all behind us. DRYS will do well too in my estimation. Egle looks interesting.

      Oil tankers will also have their day in the sun.

    • "...Groupon is going out at 20 bucks a share with what a 12 billion valuation or some stupid number like that and your wondering about why GNK is trading at 9 bucks? Really? Wake up a grab some coffee."

      I'm not astonished there are stocks that trade for $20 or even $200. My question is why has the GNK share price been so boyant relative to the rest of the sector...to other shippers. You can do a comparison on this website.

    • Your looking for a logical reason for a stock to be trading where it is? What show have you been watching for the last 30 years? Groupon is going out at 20 bucks a share with what a 12 billion valuation or some stupid number like that and your wondering about why GNK is trading at 9 bucks? Really? Wake up a grab some coffee.

    • REAL SIMPLE: ITS DOING WELL

    • If Genco was able to replace those contracts with similar ones , it would be trading @ 100$ a share right now. You are living in your dreamworld.....

    • We're supposed to post in triplicate, right?

      Sorry, the web site sometimes will not register a post, despite your hitting the post button.

    • Does anyone here see a logical reason for this stock to be so high relative to it's peers. The fact that its earnings are momentarily resisting falling to a loss is no reason to pay a premium. It does not mean that GNK promises to be able to sustain its profitably until the entire shipping sector emerges from these rough waters. In short order, these momentary lease advantages will likely expire and GNK is going to come rudely crashing back to earth. Some here see the momentarily boyant earnings as a good thing. I would say it makes this stock exceedingly dangerous. Some other throughly beaten down stock that nonetheless promises to survive these bad times would be a much better risk. GNK was certainly an attractive proposition at $4 to anyone believing it would be one of the survivors. But, at current prices the proposition must be reconsidered.

    • Does anyone here see a logical reason for this stock to be so high relative to it's peers. The fact that its earnings are momentarily resisting falling to a loss is no reason to pay a premium. It does not mean that GNK promises to be able to sustain its profitably until the entire shipping sector emerges from these rough waters. In short order, these momentary lease advantages will likely expire and GNK is going to come rudely crashing back to earth. Some here see the momentarily boyant earnings as a good thing. I would say it makes this stock exceedingly dangerous. Some other throughly beaten down stock that nonetheless promises to survive these bad times would be a much better risk. GNK was certainly an attractive proposition at $4 to anyone believing it would be one of the survivors. But, at current prices the proposition must be reconsidered.

    • Does anyone here see a logical reason for this stock to be so high relative to it's peers. The fact that its earnings are momentarily resisting falling to a loss is no reason to pay a premium. It does not mean that GNK promises to be able to sustain its profitably until the entire shipping sector emerges from these rough waters. In short order, these momentary lease advantages will likely expire and GNK is going to come rudely crashing back to earth. Some here see the momentarily boyant earnings as a good thing. I would say it makes this stock exceedingly dangerous. Some other throughly beaten down stock that nonetheless promises to survive these bad times would be a much better risk. GNK was certainly an attractive proposition at $4 to anyone believing it would be one of the survivors. But, at current prices the proposition must be reconsidered.

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GNK
1.700.00(0.00%)Apr 21 4:07 PMEDT