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EXCEL MARITIME CARR Message Board

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  • cthescot1 cthescot1 Mar 16, 2005 1:35 PM Flag

    Mr. mccorkmick

    Thanks for your reply. I believe you look at all posts and I have have guarded respect for your knowledge. I know that you know and was just troubled why you did not respond. No offense intended.

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    • Listen, i understand why you may be feel upset. personally, having been a part of the process myself, am pissed to hell with the way cantor handled the situation- personally i feel all ibankers are hores and woudl sell their grandmothers given the chance. that said, the deal was neverthelss accretive and will add shareholder value. ive been holding and accumulating exm for over 9months now and have not sold NOT A SINGLE SHARE BELOW 40 and do not anticipate selling in foreseeable future at any price below 40. i bought this for its growth when they had fleet of 5 vessels. now that they have finally gone though the painful process to get in postion to realize that growth - ya gotta be crazy to sell out now! as the executives made clear throughout the show, they earned 2.75 pre share which is more than most companies with double their fleet size and newer vessels earn (industry records/stats provided) ... the company has historically been effective at getting the mst out of second hand vessels and realizing very high returns on investment.... i thnk the next yr will be very very interesting..
      a stock that will more than double its equity in the next year and a half could only trade at 7-8X trailing eps for so long. be smart, be disciplined, be patient and uwill god willing be rewarded... all my detractors rem how i URGED all not to overextend and purchase exm with margin- i was unqualified in my support for exm and still am very bullish (in fact more now than ever bfore) yet i always gave qualified buy rating with respect to overextending ureself and exposing ureself to its volatilty. at least half dozen tiems i concluded with sucha warning....so please everyone who has called me a pumper etc ...enough ok

 
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