OceanFreight Inc., a global provider of marine transportation services, today announced its financial results for the quarter ended September 30, 2008.
Small-cap stocks gave back a sizable chunk of Monday’s big rally early on today, pressured by concerns that corporate profits are already sloppy and will be further strained by a weak economy...
A Power Energy Generation Systems Ltd , Canadian Solar Inc. and JDA Software Group Inc. are among the most actively traded companies in Tuesday's trading...
OceanFreight Inc., a global provider of seaborne transportation services, today announced that its Board of Directors has declared a dividend of $0.77 per common share in respect of the third quarter ended September 30th, 2008. The dividend is payable on or about November 6th, 2008 to shareholders of record on October 31st, 2008.
OceanFreight Inc. (NASDAQ: OCNF), a globalprovider of marine transportation services, today announced its financialresults for the quarter ended September 30, 2008.
OceanFreight Inc. (NASDAQ: OCNF), a globalprovider of seaborne transportation services, today announced that it willrelease its results for the third quarter ended September 30th, 2008 afterthe close of the market in New York on Tuesday, November 11th, 2008. OnWednesday, November 12th, 2008 at 10:00 A.M. EST, the Company's managementwill host a conference call to discuss the results.
The Baltic Dry Index (previous articles: The Baltic Bet, 9/16/08 and Follow The Freight, 4/28/08) has taken a beating, as have shipping stocks. But are the two as directly linked as it seems? Or is it possible that shipping stocks, like so many commodities equities, could be undervalued right now?
In his recent lampoon of U.S. financial policy, Asia Times reporter Spengler noted, “An American economy based on opening containers from China and selling the contents at Wal-Mart (WMT), or trading houses back and forth, provides scant profitability.” While the future profitability of these methods is a subject of debate, Spengler ’s argument highlights an integral practice—one so ingrained that many fail to notice—the acquisition of raw and finished products overseas and the industry built around their transportation.
Unless you live by Manhattan’s East River or in the port of Piraeus outside Athens, it is easy to...
A new exchange-traded fund that invests in "progressive" transportation companies – ranging from makers of electric-vehicle batteries and drive systems to bicycle makers and railroad and shipping giants – will soon add its name to the a growing roster of ETFs focused on green businesses.
As reasoned in my previous article, the drybulk fundamentals remain healthy; in the following months, we witnessed a 100% increase in the drybulk rates. After hitting a new record high late in May, with BDI at an amazing 11,793 points, the market was steady for two weeks before dropping heavy in the latter half of June. In just a matter of days the the BDI plunged about 15%, once again terrifying the stock market. Since the end of June the drybulk rates have been increasing after BDI hit a low of 9,139, wich represented a 22.5% drop...
Oceanfreight (OCNF) is benefiting from global commodity demand as its vessels reach nearly 100% utilization rates. The company has surprised on earnings three out of the last four quarters on average of 117.48%. Oceanfreight has a forward P/E of 9.66.
We all know the baby boomers are going to begin entering
retirement. While there are many different styles of investing, I
believe that when one enters the retirement stage of life, income investing is by far the best. Investing in companies and bonds that
offer high dividend yields can prevent one from being forced to start
living off the capital in the portfolio. Nothing would suck more than
outliving your portfolio and winding up a 85+ year old with no money
and a big burden to your children or your country.
Finding high dividend yields will probably become increasingly
hard. Why?...
Stocks discussed in the lightning round session of Jim Cramer?s Mad Money TV program,Friday February 29. Click on a stock ticker for more analysis:
Bullish calls:
ABB (ABB): ?I think ABB is a great infrastructure play without the worries that you got from URS Corp. (URS) this week?I?m not worried that the CEO quit.?
CVRD (RIO): ?You buy that stock! ? it's a dominant mineral company, and there is no worldwide slowdown.?
Cleveland-Cliffs (CLF): ? ? may I recommend - now on this huge pullback - Cleveland-Cliffs now down 10 straight points after a monster quarter...?
Quicksilver Resources (KWK): ?That is...
Stocks discussed in the lightning round session of Jim Cramer?s Mad Money TV program,Friday February 15. Click on a stock ticker for more analysis:
Bullish calls:
General Motors (GM): 'I said GM has bottomed ?Cost are going down? GM is a buy here. There's a GM preferred ? that trades at $20 bucks. That's a really good piece of paper.'
Oceanfreight (OCNF):' ?it's got a double-digit dividend... I think the dividend is safe ?buy, buy, buy!... Let's wait for a pullback.'
Johnson Controls (JCI): 'I am only recommending, the last two years, one auto parts company, and...
More Consolidation Coming. This was one of my beginning of the year themes? insert link and in the wake of the EXM/QMAR merger industry executives see more mergers on the horizon which appears to be dragging up the valuations of the smaller players.
Rates Have Rebounded Sharply. We thought this would happen as we approached the Chinese New Year on Feb 8...
Research In Motion (RIMM): 'Growing at 30%. ... Because of inflation, no one wants to own a high-priced stock. ... All I can do is the fundamentals. ... Research In Motion is a buy.'
Costco (COST): 'If I own a retailer I want to own the best, and Costco is the best.'
Tenet Healthcare (THC): 'I want you to buy here. ... I see long-term results for this company.'
Yamana Gold (AUY) Newmont Mining (NEM) Barrick Gold...
(RTTNews) - Marine transportation services provider OceanFreight Inc. (OCNF: News ), announced Tuesday that its third quarter profit surged from last year, boosted by higher voyage revenues ...
ATHENS, GREECE--(Marketwire - November 11, 2008) - OceanFreight Inc. ( NASDAQ : OCNF), a global provider of marine transportation services, today announced its financial results for the quarter ...
OceanFreight Inc. (NASDAQ: OCNF), a global provider of seaborne transportation services, today announced that it will release its results for the third quarter ended September 30th, 2008 after the ...
Here are the results for today's unusual stock volume scan. The scan looks at the previous day's volume and compares it to the recent average volume. It then sorts the stocks based on those that ...
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by The Bellwether Report. TORONTO--(Marketwire - October 21, 2008) - BellwetherReport.com is the leading online financial ...
New York, NY, Oct 21, 2008 (M2 PRESSWIRE via COMTEX) -- SUNH | Quote | Chart | News | PowerRating -- Sun Healthcare Group, Inc. (NASDAQ: SUNH); OceanFreight Inc. (NASDAQ: OCNF) Stock Profiler ...
OceanFreight Inc. (NASDAQ: OCNF), a global provider of seaborne transportation services, today announced that its Board of Directors has declared a dividend of $0.77 per common share in respect of ...
ATHENS, GREECE--(Marketwire - October 16, 2008) - OceanFreight Inc. ( NASDAQ : OCNF), a global provider of seaborne transportation services, today announced that it has taken delivery of the 1991 ...
OceanFreight Inc. (OCNF) announced the acquisition of M/T Tigani, a 1991 built 95,951 dwt double-hull Aframax crude oil tanker. The vessel was purchased from interests associated with George ...
SAN FRANCISCO (MarketWatch) -- Shares of the following companies were among those making 5% or more percentage moves in the U.S. stock market Thursday.
OceanFreight Inc. said its chairman and chief executive, Robert Cowen, left the company. OceanFreight's chief financial officer, James Christodoulou, also left to pursue other professional opportunities. The Athens seaborne transportation services provider named John D. Liveris, a board member, as chairman. The company also named Anthony Kandylidis, a shareholder, board member and founder of the company, as chief executive and interim chief financial officer. A search for a permanent financial chief will begin immediately. Shares in OceanFreight recently traded down $3.74, or 19%, at $5.84.
SAN FRANCISCO (MarketWatch) -- OceanFreight Inc. Chief Financial Officer James Christodoulou resigned effective Nov. 30, the Wall Street Journal reported Thursday, citing the executive himself. The newspaper said Christodoulou was let go in the middle of a two-year contract and that he did not know who would replace him. The company went public in April. The Journal said OceanFreight declined to comment. Shares of OceanFreight dropped 7.9% to $18.07 in recent trading.
NEW YORK (MarketWatch) -- Ocean Power Technologies dipped 6% and OceanFreight traded flat as the pair of aquatic initial public offerings launched on Wednesday.
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