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Ultrapetrol (Bahamas) Ltd. Message Board

  • laura_axeen laura_axeen Feb 27, 2012 4:54 PM Flag

    Initiated a "BUY"....not even an "outperform!

    Just do your own Googling....ULTR initiated a "Buy" rating today from Sidoti. This is ULTR's year of recognition....of its assets of value even more than what was paid for them. Offshore Supply Vessels and Barges they build themselves. No other "Water Transportation Company" can say that. ULTR has got out of businesses at great timing and into businesses at great timing. Great Management

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    • Thank you Mr. Menendez, I mean Laura. Now if only ULTR could generate some positive cash flow from operations. The only time this company ever did so in sizable amounts was then they were kicking boot ie with the capesize dry bulkers years back. Let's hope they can collect on all their sizable receivables and this isn't all just a scam.

      I have added shares recently...had to get my VWAP under $5...embarrassing I know. I hope I'm not throwing good money after bad.

      • 1 Reply to DaBreeze21
      • Very frustrating. You may have been right to add recently because many (big) investors think we are at bottom--also, Brazil's market is currently low and set to profit from lowered rates. If ULTR stays afloat through 2013, the World Cup is in 2014 and the Olympics coming closer. I have 2014 Ultrapetrol bonds and they have been paying their 9.5% just as promised. On the other hand, I shifted some shares of ULTR to NAT because NAT has tremendous potential upside as well (key word is potential, I'm afraid) and NAT pays a dividend of 9% (at today's share price of about $13.25.) Also, Cramer supports NAT, which helps their share price a bit. NAT Ceo says some shippers are going to go out of business. Survivors will benefit. Frontline's Ceo recently said shipping is at bottom and ready to turn. NAT and FRO have oil tankers, so not sure how their perceptions reflect on ULTR potential.

 
ULTR
1.61-0.11(-6.40%)Jan 30 4:00 PMEST

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