NEW YORK, April 16 (newratings.com) - Analysts at Cantor Fitzgerald maintain their "buy" rating on Excel Maritime Carriers Ltd (EXM), while reducing their estimates for the company. The target price has been reduced from $59 to $43.
In a research note published this morning, the analysts mention that the company has completed the Quintana Maritime takeover for an effective price of $24.57 per share. The takeover provides Excel Maritime Carriers a platform of long-term contracts, which are chartered-out at rates significantly below the current market rates, the analysts say. The EPS estimates for 2008 and 2009 have been reduced from $7.21 to $5.66 and from $8.95 to $6.33, respectively.
Either you're completely moron, or you're simply too lazy and ignorant, to blame someone else.
Cator Fitzgerald has been the one and only firm followed the dry bulk shippers through good and bad times. If you are half as good as you guys claimed to be, you should have listened to that firm's ratings updates.
Do you really think any poster here would be able to move those stocks?
The volume isn't that impressive today. And the stock did not tank so much so I believe there are many longs here who are independent thinkers. This is the beginning of money season for shippers, EXM is a solid moneymaker, nothing has changed except some analyst changes this to a HOLD. He didn't say SELL. I am holding what I have and I am buying more to add to my holdings. It works for me that the "news" caused a little pullback so I could add a bit more to my hold.
For whatever reason you have to take your meds, I hope you feel better fast. Good luck.