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Excel Maritime Carriers, Ltd. (EXMCQ) [hlAlert]

Rating:
Buy EXM
down 99.84 %

Excel Maritime Carriers, Ltd. (EXM) rated Buy with price target $10 by Maxim Group

Posted on: Thursday,  Mar 19, 2009  8:25 AM ET by Maxim Group

Maxim Group rated Buy Excel Maritime Carriers, Ltd. (OTCBB: EXMCQ) on 03/19/2009, when the stock price was $5.12.
Since then, Excel Maritime Carriers, Ltd. has lost 99.85% as of 02/13/2014's recent price of $0.01.
If you would have followed this Maxim Group's recommendation on EXMCQ, you would have lost 99.84% of your investment in 1792 days.

Excel Maritime Carriers Ltd. (Excel) 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. Excel?s fleet is managed by one of its wholly owned subsidiaries, Maryville Maritime Inc. (Maryville). As of April 27, 2009, the Company owned a fleet of 40 vessels, and together with seven Panamax vessels under bareboat charters, operates 47 vessels, five Capesize, 14 Kamsarmax, 21 Panamax, two Supramax and five Handymax, with a total carrying capacity of approximately 3.9 million deadweight tons (dwt). On April 15, 2008, the Company completed its acquisition of Quintana Maritime Limited (Quintana). As a result of the acquisition, Quintana operates as a wholly owned subsidiary of Excel under the name Bird.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/19/2009 8:25 AM Buy
None
5.12 10.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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