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

Rating:
Underperform
FRO
up 553.33 %

Frontline Ltd. (FRO) rated Underperform by Credit Suisse

Posted on: Friday,  Mar 6, 2009  8:25 AM ET by Credit Suisse

Credit Suisse rated Underperform Frontline Ltd. (NYSE: FRO) on 03/06/2009, when the stock price was $16.66. Since
then, Frontline Ltd. has lost 84.69% as of 01/14/2016's recent price of $2.55.
If you would have followed this Credit Suisse's recommendation on FRO, you would have gained 553.33% of your investment in 2505 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.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/6/2009 8:25 AM Sell
None
16.66
as of 12/31/2009
1 Week up  13.79 %
1 Month up  8.24 %
3 Months down  -6.58 %
1 YTD down  -49.63 %

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