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Eagle Bulk Shipping Inc. (EGLE) [hlAlert]

Rating:
Sell EGLE
up 5,399.55 %

Eagle Bulk Shipping Inc. (EGLE) rated Sell with price target $3 by Deutsche Securities

Posted on: Thursday,  Oct 1, 2009  8:25 AM ET by Deutsche Securities

Deutsche Securities rated Sell Eagle Bulk Shipping Inc. (NASDAQ: EGLE) on 10/01/2009, when the stock price was $367.92.
Since then, Eagle Bulk Shipping Inc. has lost 98.18% as of 08/27/2015's recent price of $6.69.
If you would have followed this Deutsche Securities's recommendation on EGLE, you would have gained 5399.55% of your investment in 2156 days.

Eagle Bulk Shipping Inc. is primarily engaged in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels. As of December 31, 2008, Eagle Bulk Shipping Inc. owned and operated a fleet of 23 oceangoing vessels with a combined carrying capacity of 1,184,939 deadweight tons and an average age of approximately six years. As of December 31, 2008, the Company had taken delivery of three Supramax newbuilding vessels and it was also constructing another 24 Supramax vessels. In May 2008, the Company acquired two Supramax vessels, Goldeneye and Redwing.

Deutsche Bank's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/1/2009 8:25 AM Sell
None
367.92 216.00
as of 12/31/2009
1 Week up  10.29 %
1 Month up  18.37 %
3 Months up  9.58 %
1 YTD up  9.58 %

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