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Enter Symbol:
Genco Shipping & Tra (GNK) [hlAlert]

down 96.72 %

GENCO SHIPPING & TRADIN G LIM (GNK) rated Buy with price target $33 by Lazard Capital Mkts

Posted on: Wednesday,  Jun 3, 2009  9:25 AM ET by Lazard Capital Mkts

Lazard Capital Mkts rated Buy GENCO SHIPPING & TRADIN G LIM (OTCBB: GNKOQ) on 06/03/2009, when the stock price
was $25.05. Since then, GENCO SHIPPING & TRADIN G LIM has lost 96.73% as of 07/02/2014's recent price of $0.82.
If you would have followed this Lazard Capital Mkts's recommendation on GNKOQ, you would have lost 96.72% of your investment in 1855 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).

Lazard Capital Markets’ research team is broadly recognized for its insight, thoroughness, and objectivity. Lazard Capital Markets’ 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. Lazard Capital Markets’ 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.
as of 1/1/0001
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(*) Stock Price at the time of the recommendation.
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