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Ultrapetrol (Bahamas) Ltd. Message Board

  • laura_axeen laura_axeen Nov 14, 2012 7:14 PM Flag

    Do not panic by any numbers shown in this 3rd quarter's documents...

    Everything changes from here on out. No one of such stature will give $220 mil to a company and it is all based upon whether the stock price goes up from 2 dollars a share. The investment of $200 mil only will make money for the investment if ULTR's stock price rises above 2 dollars a share.
    We all know 2013 will be ULTR's waterfall year....even if OSV's are delayed. There are no penalties applied for late delivery to Petrobras....only the advantage of ULTR for penalties of late delivery. Yes, if they were to be delivered on time for ULTR...ULTR would have far more revenue and earnings a little earlier. Now its just delayed. I can handle delays knowing ULTR's position has not changed...just delayed. Again, the infusion of $220 mil for their investment is tied only to ULTR's stock price going above 2 dollars a share. I think conf. call will be very telling. Stay strong!

    Sentiment: Strong Buy

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