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6 pts

Opinion on  Eagle Bulk Shipping Inc. (EGLE)     Sector: Transportation  >  Industry: Water Transportation
The ship is sinking

Oct 08, 2008 05:23 PM GMT
Jpeg_sun4agk
Return Risk
+12.93% HIGH
Sr. Associate

I am glade I waited 1 more day in this market nightmare. I wanted to pick up EGLE for some time now and today ( a dollar or so less then yesterday) I finally grabbed it. EGLE provides ocean transportation services for various major and minor bulk cargoes. The company principally transports iron ore, coal, grain, cement, and fertilizers along worldwide shipping routes. As of December 31, 2007, it owned and operated a fleet of 18 vessels. The company was founded in 2005 and is headquartered in New York, New York. I also added to my DHT holdings. The world economy will be a slow one but living on an Island in the middle of the Pacific (which I do) makes one realize how vital bulk cargo is to this globe we live on.


EGLE:  This call was made on 10/08/08 @ $8.15
Rating:   Positive   $8.15 (10/08/08)
Gain/Loss:   -29.33% in 424 days
Target:   $15.00 (+84.05%) in > one year


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