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EXCEL MARITIME CARR Message Board

  • pepperoniandmushrooms2003 pepperoniandmushrooms2003 Apr 28, 2008 12:36 PM Flag

    did you guys see what just happened?

    the stock recovers and starts heading toward 45 and Cantor cuts !!!

    wow, i cant believe that there are so many traders who cant think for them selves!

    un believeable!

    actually its the investors who dumped their shares, theyd believe anything !!!!

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    • You didn't pay attention when I posted early last week. Now you blame Cantor. The news was delayed.

      +++++++++++++++++++++++

      Excel Maritime Carriers "buy," target price reduced - update
      04/16/08 - Cantor Fitzgerald

      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.

    • goal_of_early_retirement goal_of_early_retirement Apr 28, 2008 12:52 PM Flag

      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.

 
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