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CAPITAL PRODUCT PART (CPLP) [hlAlert]

Rating:
Buy CPLP
down 29.50 %

CAPITAL PRODUCT PART (CPLP) upgraded to Buy by BofA/Merrill

Posted on: Wednesday,  Jul 10, 2013  8:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy CAPITAL PRODUCT PART (NASDAQ: CPLP) on 07/10/2013, when the stock price was $9.76. Since
then, CAPITAL PRODUCT PART has lost 29.51% as of 01/22/2016's recent price of $6.88.
If you would have followed this BofA/Merrill's recommendation on CPLP, you would have lost 29.5% of your investment in 926 days.

Capital Product Partners L.P. (CPP) is an international owner of product tankers. The Company is engaged in the seaborne transportation services of crude oil and refined petroleum products, edible oils and soft chemicals, by chartering its vessels under medium to long-term time and bareboat charters. The Company?s fleet consists of 18 double-hull tankers with an average age of approximately 3 years as of February 28, 2009. As of February 28, 2009, Capital Maritime & Trading Corp. (CMTC) owned a 46.6% interest in the Company. The Company?s 18 vessels trade on a worldwide basis and are capable of carrying crude oil, refined oil products, such as gasoline, diesel, fuel oil and jet fuel, as well as edible oils and certain chemicals, such as ethanol. CPP charters its vessels to charterers, such as BP Shipping Limited, Morgan Stanley Capital Group Inc., Trafigura Beheer B.V., Shell International Trading & Shipping Company Ltd. and subsidiaries of Overseas Shipholding Group Inc.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/10/2013 8:25 AM Buy
None
9.76
as of 12/13/2013
1 Week down  -1.17 %
1 Month up  4.64 %
3 Months up  3.82 %
1 YTD down  -29.02 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/27/2013 8:25 AM Hold
None
8.14
12/12/2012 8:25 AM Sell
None
6.51

(*) Stock Price at the time of the recommendation.
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