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EXCEL MARITIME CARR Message Board

  • nudistbuddy2000 nudistbuddy2000 Jun 26, 2008 1:27 PM Flag

    I'm sorry for asking BUT...

    Why does exm keep going down, when GNK (similar P/E and EPS keeps going up and DRYS also goes up??? Should EXM raise their dividend, buy back shares???? It can't be the ceo, he owns a huge portion of the company and can only profit from a rise in the stock price!! Sorry, I'm just very frustrated with the manipulation of this stock!!

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    • "Get...

      Back on EXM for a minute.

      I'm absolutely amazed at the spreads and swing on this stock on such low volume (100-500 share lots) throughout the day. I've never b4 followed a stock that trades so lightly. It just blows me away. It's seems fairly obvious to me that it's all daytraders by the small action and small lot moves.

      I'm curious what you think the short term (30 days) action looks like. To me the chart is similar to last years action and I see this puppy slowly inching up throughout June and continuing through Aug."

      Take care,
      CAL
      cal622003

      cal, The traders are not only picking on EXM. The whole sector is being worked over. Too many variables have made this a trader's paradise. The problem began last October when the Chinese played hardball with the coal and iron ore miners by refusing to negotiate new contracts because of their high price increases. The BDI immediately self-distructed down to 5600 from 11000 in just a few months. Then running out of built up inventories, the Chinese finally signed and we went to an all time BDI high a few weeks ago to 11700 and it now sits at around 9200.

      Because of the oil crisis, fear is creeping into the markets that all economies will go into recession. I don't see that happening because oil prices at the end of the summer will start falling and before the end of the year we will see oil between $90-100. The Arabs are not stupid and will increase oil production to keep the world's economies strong. They'll be happy to get lower prices for their oil rather than send the global expansion into a tailspin which would cost them the income they need to sustain their own economies.

      Getting back to EXM, it is not too surprising to see their stock falter in so far as we do not know what the merger with QMAR has wrought. Management has been quiet on this matter and I suppose they have their reasons. I myself am not concerned as the merger was necessary to make both entities stronger as a whole which will immeasurably benefit the shareholders. (note, this is the first of many mergers coming up soon as consolidation will occur because the smaller ma and pa shipowners can't continue operating with antiquated vessels and don't have the credit to buy newbuilds). Just look at yesterdays dividend announcement by Molaris (which I predicted was coming soon) doubling the payout to $1.60. Why the best the QMAR shareholders got was $1.24 and the best EXM payed out was .80. And I also will state that the next earnings report will be a pleasant surprise to all stockholders. Molaris is the key and look for him to increase the dividend by years end to $2/shr. The man's a financial genius.

      As for the near term action on EXM, it will stagnate waiting for the first consolidated earnings report. Once the good news is out of the bag, EXM should rise rapidly especially nearing the end of the summer, when the Arabs seeing the global slowdown will start pumping more oil to bring it down to the $100 range.

      I see no reason to sell unless you're on margin because EXM will hit $80-90 by year end.

    • ..."George Bush senior...
      stay the course, wouldn't be prudent... etc etc"

      "Read my lips, 'no new taxes.' " ~ lol as if!

    • Get...

      Back on EXM for a minute.

      I'm absolutely amazed at the spreads and swing on this stock on such low volume (100-500 share lots) throughout the day. I've never b4 followed a stock that trades so lightly. It just blows me away. It's seems fairly obvious to me that it's all daytraders by the small action and small lot moves.

      I'm curious what you think the short term (30 days) action looks like. To me the chart is similar to last years action and I see this puppy slowly inching up throughout June and continuing through Aug.

      Take care,
      CAL

    • Hey, greyfox, more power to you, that's what makes the world go around. Everyone has a choice as how to invest their money. You raked in some serious dough on QMAR doing what you do and I made a bundle taking a big position and holding for 2-3 years.

      So far, we're both doing well. I will be trading EXM once the merger takes hold and I have a clearer picture as to how Molaris handles this new venture. So far he's batting a thousand with Stellar Shipping and QMAR. Let's see how well he does with EXM. He does have an unusuallly bright business mind i.e., selling those 7 old bulkers for $250mil at the height of their worth to reduce QMAR's debt and still retaining the usage of the ships.

      He's a big winner and has made me some serious money and I'm riding his coattails putting my money on EXM.

    • I use basically the same sources you use, rhyno, plus CNNMONEY, EXM's website and Google for biographies on officers and directors in management.

    • ..."From James Pethokoulas, U.S. News and World Report,
      "As part of his "Tax Fairness for the Middle Class" plan, Barack Obama is in favor of nearly doubling the capital gains tax rate from 15% to 28%.
      Some tax cut."
      rnscox

      Hey, if it's going to make our country stronger by making the super rich foot the bill, and give the middle class a fair share of the spoils, then let's do it. Remember the reduction of the capital gains tax was another one of the many gifts given by the Bushman to his 2% super rich cronies.

    • ..."Whereas you believe their wealth belongs to someone else than them. I think those evil 2% spposedly pay more than 50% of the taxees, but do you have a reference for wealth ownership, and are you referring to Soros, Buffe, Burkle, Gates, Gore and their buddies as the evil republicans?
      ar2537

      No one said the 2% super rich's wealth belongs to someone else, just that enough is enough. Their sole agenda is to gain more than the 50% they now control and push the middle class deeper down the hole. Obama will put the skids on this uneven distribution of wealth and give the middle class a chance for decent wages which Reagan, Bush 1 and Bush 2 deprived them of.

      McCain doesn't stand a chance, in fact it's a miracle that he can even stand.

    • From James Pethokoulas, U.S. News and World Report,
      "As part of his "Tax Fairness for the Middle Class" plan, Barack Obama is in favor of nearly doubling the capital gains tax rate from 15% to 28%."
      Some tax cut.

    • ..."Get, while I agree with you that Bush and Cheney have been a terrible administration, if Obama is elected with a Democratic majority all investors are in serious trouble. This man is THE most liberal in the Senate."

      Nonsense, Obama has already stated he will initiate his first term by a $1000 tax cut for the middle class and eliminate the stupid tax cut Bushman gave to the 2% super rich. At least the middle class tax cuts will be recirculated into the economy. You sound like a neo-con with your bogus Marxist B.S. You don't get a double digit lead on McCain in the polls coming out of the shute by preaching Marxism.

      Get real. I'd even vote for your Mark Levin over the right wing super rich's candidate. (as long as he's not a neo-con artist)

    • Whereas you believe their wealth belongs to someone else than them. I think those evil 2% spposedly pay more than 50% of the taxees, but do you have a reference for wealth ownership, and are you referring to Soros, Buffe, Burkle, Gates, Gore and their buddies as the evil republicans?

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