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Enter Symbol:
 
Frontline Ltd. (FRO) [hlAlert]

Rating:
Sell FRO
up 745.09 %

Frontline Ltd. (FRO) rated Sell by Lazard Capital

Posted on: Tuesday,  Feb 24, 2009  8:25 AM ET by Lazard Capital

Lazard Capital rated Sell Frontline Ltd. (NYSE: FRO) on 02/24/2009, when the stock price was $21.55. Since
then, Frontline Ltd. has lost 88.17% as of 01/14/2016's recent price of $2.55.
If you would have followed this Lazard Capital's recommendation on FRO, you would have gained 745.09% of your investment in 2515 days.

Frontline Ltd. (Frontline) is engaged primarily in the ownership and operation of oil tankers, including oil/bulk/ore (OBO) carriers. The Company operates tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons (dwt), and Suezmaxes, which are vessels between 120,000 and 170,000 dwt. As of February 28, 2009, the Company operated a tanker fleet consisting of 83 vessels. The fleet consists of 41 VLCCs, which are either owned or chartered in, 30 Suezmax tankers, which are either owned or chartered in, eight Suezmax OBOs, which are chartered in, and four VLCCs under its commercial management. In January 2008, the Company established Independent Tankers Corporation Limited (ITCL), as a wholly owned subsidiary for the purpose of holding, by way of contribution, its interests in Independent Tankers Corporation (ITC). In February 2008, Frontline spun off 17.53% of its holding in ITCL to its shareholders.

Lazard Capital Markets’ research team is broadly recognized for its insight, thoroughness, and objectivity. Our goal is to help our clients make the best-informed decisions by providing timely, thoughtful analysis as well as access to company management teams and industry thought leaders. Our industry-focused analysts strive to identify emerging sector trends as well as bottom-up fundamental issues affecting their stocks under coverage. We add value by conducting extensive primary survey work, hosting proprietary events, cultivating industry contacts, and participating in relevant industry conferences.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/24/2009 8:25 AM Sell
None
21.55
as of 12/31/2009
1 Week up  13.79 %
1 Month up  8.24 %
3 Months down  -6.58 %
1 YTD down  -15.68 %

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