StockPreacher.com Issues Trading Outlook for Excel Maritime Carriers Ltd.

All GlobeNewswire news

DALLAS, Nov. 20, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring shipping transportation company Excel Maritime Carriers Ltd. (NYSE:EXM). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.

The investment report on Excel Maritime Carriers Ltd. (NYSE:EXM) should be of particular interest to comparable companies: Diana Shipping Inc. (NYSE:DSX) DryShips Inc. (Nasdaq:DRYS) and Eagle Bulk Shipping Inc. (Nasdaq:EGLE).

The full report is available at: http://www.stockpreacher.com/n/EXM

Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/StockPreacher

Excel Maritime Carriers Ltd. (EXM) is a provider of worldwide sea borne transportation services for dry bulk cargo, including among others, iron ore, coal and grain, collectively referred to as major bulks, and steel products, fertilizers, cement, bauxite, sugar and scrap metal, collectively referred to as minor bulks. EXM's fleet is managed by one of its wholly owned subsidiaries, Maryville Maritime Inc. (Maryville).

Message Board Search for EXM: http://www.boardcentral.com/boards/EXM

In the report, the analyst notes:

"Net profit for the quarter was $62.0 million or $0.79 per weighted average diluted share compared to $117.6 million or $2.66 per weighted average diluted share in the third quarter of 2008. The third quarter 2009 results include a non-cash unrealized interest-rate swap loss of $1.8 million compared to an unrealized interest-rate swap loss of $6.7 million in the corresponding period in 2008. Swap gains and losses are recorded in income, as they do not meet the criteria for hedge accounting.

"EXM announced last week that it has entered into two new charter agreements for the M/V Renuar and the M/V Elinakos. The M/V Renuar, a 1993 built Panamax bulk carrier with a carrying capacity of 70,128 dwt, has entered into a charter agreement for a minimum period of 12 months to a maximum period of 14 months at the gross daily rate of $22,500. The M/V Elinakos, a 73,751 dwt, 1997-built Panamax bulk carrier, has entered into a short term charter agreement for a period of a minimum of four months to a maximum of six months at a gross rate of $25,000 per day."

To read the entire report visit: http://www.stockpreacher.com/n/EXM

StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com

StockPreacher.com Disclosure

StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly-owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.

CONTACT:  StockPreacher.com
          Jeff Bishop
          (469) 252-3505
          press@beaconequity.com

GlobeNewswire, Inc.2009

Back to News Home

MSN Money

Search MSN Money

Message Boards

Site Status