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Genco Shipping & Tra (GNK) [hlAlert]

Rating:
Sell GNK
up 635.36 %

GENCO SHIPPING & TRADIN G LIM (GNK) rated Sell by Deutsche Bank

Posted on: Friday,  Oct 19, 2012  1:25 PM ET by Deutsche Bank

Deutsche Bank rated Sell GENCO SHIPPING & TRADIN G LIM (OTCBB: GNKOQ) on 10/19/2012. Previously Deutsche Bank rated Sell GENCO SHIPPING & TRADIN
G LIM (OTCBB: GNKOQ) on 07/26/2011., when the stock price was $6.03. Since then, GENCO SHIPPING & TRADIN G LIM has lost 86.40% as of 07/02/2014's recent price of $0.82.
If you would have followed the previous Deutsche Bank's recommendation on GNKOQ, you would have gained 635.36% of your investment in 1072 days.

Genco Shipping & Trading Limited (GS&T) is engaged in transporting iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. The Company?s fleet consists of 32 drybulk carriers. 29 of the 32 vessels in its fleet are on time charter contracts. Three of its vessels operate in vessel pools, such as the Baumarine Panamax Pool and the Bulkhandling Handymax Pool. Most of its vessels are chartered to charterers, which include Lauritzen Bulkers A/S (Lauritzen Bulkers), Cargill International S.A. (Cargill), NYK Bulkship Europe (NYK Europe), Pacific Basin Chartering Ltd. (Pacbasin), STX Panocean (UK) Co. Ltd. (STX), COSCO Bulk Carriers Co., Ltd. (Cosco), and Hyundai Merchant Marine Co. Ltd. (HMMC).

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.
as of 1/1/0001
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(*) Stock Price at the time of the recommendation.
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