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  • ckmb54 ckmb54 Aug 9, 2007 1:40 PM Flag

    Why has EXM been sluggish recently

    I think some investors are afraid that earnings will be lower than the concensus of analysts ($0.57).It happened twice before.Many boats were repaired recently.EXM has an old fleet compared to DRYS and EAGLE .Excerps from an old article(17-july-07) : Mavrinac raised price targets on drybulk stocks by an average of 31 percent, and raised the second-quarter and full-year estimates for most players. The analyst noted he slightly lowered estimates of two companies, Eagle Bulk Shipping and Excel Maritime, because of elevated operational expenses. Just my opinion