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Ultrapetrol (Bahamas) Ltd. Message Board

  • laura_axeen laura_axeen Dec 1, 2012 9:50 AM Flag

    Paraguay, soybeans, weather....

    Positive EPS for 2013 of just 20 cents a share will easily double the current stock price....this will happen with just a fair crop of soybeans for ULTR to provide logistics of barges for Paraguay. With an outstanding crop of soybeans for Paraguay...EPS even more so.... Instead of the past significant interest expense the 220 mil injection will turn that interest expense into EPS. Again, Southern Cross and the Menendez corp will only gain a return on their investment by stock price going above 2 dollars a share. You can bet ULTR will have EPS in 2013 and beyond which is the only way this stock will rise and gain investor confidence to support "buy ratings" as well as an above normal P/E ratio. Watch for revenue projections for 2013 to come close to or exceed $400 mil with earnings of $30 mil to $45 mil depending on interest payments eliminated with the cash of $220 mil.

    Friday, November 30, 2012

    Wonderful rains over the past 24 hours for soybean growing areas of Mato Grosso do Sul (Brazil) and Paraguay (an increasingly important South American soybean producing country) provided a nice boost in soil moisture to areas that had not been very wet this month. Three spots in Mato Grosso do Sul that through yesterday morning had recorded just 44, 69, and 54 percent of normal rainfall for the first 28 days of November recorded rains of 2.99, 1.81, and 3.31 inches, respectively, over the past 24 hours. Rains of one to three inches that were quite common in soybean areas of Paraguay since yesterday morning was the second very nice rain even there since November 22 and brought their November rainfall totals very close to normal levels. Rains yesterday were not big in Brazil for the state of Parana, but a number of spots there did see 0.50 to 1.00 inch amounts to provide some nice short-term relief to an area that has had below normal rainfall this month. We will see some additional rains in central and southern growing areas of Brazil over the next five days (especially over the next 48 hours) that will be pretty light in most places, but everything still points to some very big rains in that same area later next week and into the early part of the 11-15 day time frame. Too much rain remains a concern in Argentine growing areas. After much of their northern growing area had rains of over an inch through yesterday morning, much of their southern growing area had over an inch over the past 24 hours. We will now see about a three day break from rain, but then very heavy rains look poised to fall over especially northern parts of the Argentine growing region for Monday through Thursday of next week. In that period we may very well see some places pick up rains of over four inches. Reportedly the pace of corn and soybean planting in Argentina is still running behind schedule, so rains yesterday and those of next week will only make that situation worse.

    Freese-Notis Weather, Inc. Des Moines, Iowa Copyright 2012 - All Rights Reserved


    Sentiment: Strong Buy

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