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Ultrapetrol (Bahamas) Ltd. Message Board

  • laura_axeen laura_axeen Nov 14, 2012 2:35 PM Flag

    Realize...ULTR's stock price is now dependent on EPS

    Keeping in mind SC now has 110 mil shares they bought for $220 mil. They expect the share price to go up from 2 dollars a share otherwise they would not have done such an investment. Instead, knowing the Menendez family ...prior to this had the controlling interest...this was the only deal that was possibly allowed so that both parties will profit from the stock price going up. Even to the effect that the Menendez will be able to buy back 17 percent of the company when the stock price or certain numbers are reached.
    I have said before, that eventually this stock's price will eventually be dependent upon EPS ...that time is now.
    Can ULTR now have earnings? Yes. How many millions of dollars can ULTR have per year on $400 million dollars in revenue now that debt will be significanly reduced? Can they possibly have earnings of $28 million? Yes, easliy. If so, that would be come out to 20 cents a share for a 2 dollar stock with the best balance sheet and future outlook of all water transportation stocks with infusion of dollars for continuous growth. In Cramer's words he would say about ULTR..."best of breed"

    Sentiment: Strong Buy

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