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Golden Ocean Group Limited (GOGL) [hlAlert]

down 77.23 %

Knightsbridge Tankers, (VLCCF) upgraded to Buy with price target $18 by Maxim Group

Posted on: Monday,  Nov 2, 2009  10:25 AM ET by Maxim Group

Maxim Group rated Buy Golden Ocean Group Limited (NASDAQ: GOGL) on 11/02/2009, when the stock price was $12.65.
Since then, Golden Ocean Group Limited has lost 77.23% as of 01/14/2016's recent price of $2.88.
If you would have followed this Maxim Group's recommendation on GOGL, you would have lost 77.23% of your investment in 2264 days.

Knightsbridge Tankers Limited (Knightsbridge) is an international tanker company with the primary business activity of international seaborne transportation of crude oil. The Company's fleet consists of four double-hull very large crude oil carriers (VLCCs), one of which was built in 1996 and three of which were built in 1995. Each of the Vessels is owned by a subsidiary and is deployed on time charters operating worldwide. In addition to the VLCCs, Knightsbridge has contracted to acquire two Capesize bulk carriers under construction. Knightsbridge entered into agreements for the construction of two Capesize dry bulk carriers, each with a cargo-carrying capacity of approximately 170,000 deadweight ton, with Daehan Shipbuilding Co Ltd in the Republic of Korea.

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
11/2/2009 10:25 AM Buy
12.65 18.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/15/2009 9:25 AM Hold

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