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Ultrapetrol (Bahamas) Ltd. Message Board

  • laura_axeen laura_axeen May 16, 2012 6:29 PM Flag

    Buy buy buy.....of course I am buying more...

    Didn't anyone listen to the conf call? Building barges to sell, offshore supply vessels are currently obtaining over 40,000 per day. Three offshore vessels coming off contracts at rates of 28,000 per day. Two more new vessels to be here by end of year.....meaning 5 vessels to be contracted at rates not even concidered in future earnings. The ocean segment affected by a once in every 5 year drydock inspection. Prediction: You will see ULTR raised to a strong buy with an increased price target.
    Don't care about this quarter at all...of no significance. Warren Buffet would say "not worried about the price of the stock..I bought it for where ULTR's future will be". This is not a trading is a stock of a lifetime.

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    • Warren Buffet would never buy a company with such terrible management leading it. Not only do they give the worst conference call of any company that I follow, but they always seem to be searching for profits that are only one to two quarters away. Bad management usually leads to a low valuation for the company.

      • 1 Reply to parlin56
      • will need more boats

        Alvaro Teixera of the Brazilian Petroleum, Gas and Biofuels Institute, or IBP, told an energy forum that cumulative expenditures in the sector until 2020 were estimated to reach $400 billion.
        "We need foreign capital and technology," he told the Mare Forum on shipping and offshore business opportunities in Brazil.
        For the 2011-2015 period, industry experts have forecast investments of $258 billion, of which 83.3% will come from Brazil's state-owned energy giant Petroleo Brasileiro SA (PBR), or Petrobras, he added

    • time for u to post one of your clear bits and clear this up so much positive going on in the next year set the record straigh with your words of widsom

    • Better yet if it was such a great investment why wouldnt MGMT partner up with a private equity firm to purchase the additional 50% of the stock that they do not own? Somthing is just not right, here.

    • I just can’t comprehend how mgmt can allow for this destruction of equity for the common shareholder. They must not really care which is why I wonder what their past is? They must not be good guys. The filings indicate they have so many conflicts with ULTR with other businesses that they own that they must not care. They just milk ULTR for 3-5 million per year while the common shareholder is left holding the bag.

    • I think it is going to be a long 3 months until we get Q2 earnings (I mean losses), and you will have many chances to buy the stock at much lower prices. This company needs to generate some positive cash flow soon. Q1 was horrible...granted they blame it on the river. Let's hope the second half of the year is much better than the first. I still think they need another 18-36 months to really shine...I just hope they have enough gas left in the tank to get there.

      I'll probably buy if it gets down to like $1.25.

    • I like what you say and I love the way you say it.

0.12-0.0100(-7.69%)Oct 21 3:53 PMEDT