StockIceMan's Weekly Stock Pick
Week of
May 23, 2005
| Stock: |
Excel Maritime Carriers
Ltd.
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| Ticker Symbol: |
EXM - NYSE - Water Transportation |
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| Buy: |
14.50 to 14.75 |
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| Sell: |
18.00 |
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Info: |
Excel Maritime Carriers is
an owner and operator of dry bulk carriers and a
provider of worldwide seaborne transportation
services for dry bulk cargo. This includes
commodities such as iron ore, coal and grains,
as well as bauxite, fertilizers and steel
products. The Company owns and operates a fleet
of two cape-size bulk carriers, two handymax
bulk carriers and one handy-size bulk carrier.
The Company plans to deliver an additional three
handymax bulk carriers and two panamax bulk
carriers, which, together with the disposal of
one older handymax carrier, will increase the
Company's fleet to nine ships, representing a
total capacity of 585,589 dead weight tons (dwt). |
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| Financial Info: |
For the fiscal year ended
12/31/04, revenues increased 98% to $52.6
million. Net income totaled $32.1 million, up
from $8.6 million |
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| Key Ratios: |
Current
Ratio: 6.651, Total Debt/Equity:0.139, Trailing
P/E: N/A, Forward P/E: 3.60x, Price/Book:
2.15, Price/Sales:
N/A |
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| Share Info: |
There are 13.81
million shares outstanding with 7.30
million shares in the trading
float. Institutions own
approximately 29.65% of the shares outstanding.
There have been no insider purchases or sales in the last six months.
Real-Time SEC
Filings
As of 5/9/2005, there were 129,000 shares short.
Net Institutional Buying: : 2.872 million
shares prior to latest
quarter. |
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| Articles: |
Excel Maritime Reports
Results for First Quarter 2005 |
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