StockIceMan's Weekly Stock Pick
Week of
September 24, 2007
| Stock: |
Top Tankers, Inc |
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| Ticker Symbol: |
TOPT - Nasdaq - Shipping - Dry
Bulk |
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| Buy: |
5.50 to 6.00 |
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| Sell: |
9.00 |
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Info: |
TOP Tankers, Inc. provides international
seaborne transportation services, carrying
refined petroleum products and crude oil. As of
December 31, 2006, its fleet consisted of 24
vessels, comprising 11 double-hull Handymax
product tankers and 13 double-hull Suezmax
tankers with cargo carrying capacity of
approximately 2.5 million deadweight tons. The
company was founded as Ocean Holdings, Inc. in
2000 and changed its name to TOP Tankers, Inc.
in 2004. TOP Tankers is based in Maroussi,
Greece. |
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| Financial Info: |
For the six months ended 6/30/2007, revenues
decreased 13% to $149.3 million. Net income
decreased 71% to $6.7 million |
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| Key Ratios: |
Current
Ratio: 1.226, Total
Debt/Equity Ratio: 1.51, Trailing P/E: N/A,
Forward P/E: 14.68x, Price/Sales: 0.68,
Price/Book: 0.85 |
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| Share Info: |
There are 32.48
million shares outstanding with 27.01
million shares in the trading
float. Institutions own
approximately 20.40% of the shares outstanding.
There has been no insider purchases or
sales in the last six months.
Real-Time SEC Filings
As of 8/10/2007, there were 321,816 shares short.
Net Institutional Buying: 835,678 shares last 30 days. |
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| Articles: |
QVT Financial reports 5.7 pct stake in Top
Tankers |
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