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Aegean Marine Petroleum Network Inc. (ANW) [hlAlert]

Rating:
Buy ANW
down 67.85 %

Aegean Marine Petroleum Network Inc. (ANW) rated Buy

Posted on: Wednesday,  Sep 5, 2007  11:25 AM ET by Bear Stearns

Bear Stearns rated Buy Aegean Marine Petroleum Network Inc. (NYSE: ANW) on 09/05/2007, when the stock price was $23.80.
Since then, Aegean Marine Petroleum Network Inc. has lost 67.86% as of 01/13/2016's recent price of $7.65.
If you would have followed this Bear Stearns's recommendation on ANW, you would have lost 67.85% of your investment in 3052 days.

Aegean Marine Petroleum Network, Inc. (Aegean) is a holding company. Through its subsidiaries, the Company operates as an independent physical supplier and marketer of refined marine fuel and lubricants. The Company procures marine fuel from refineries, oil producers, and resells to a diversified customer base, representing all segments of the shipping industry, including tankers, container ships, drybulk carriers, cruise ships, reefers, liquefied natural gas (LNG)/liquefied petroleum gas (LPG), car carriers, ferries, and marine fuel traders and brokers. The Company serves Greece, Gibraltar, the United Arab Emirates, Jamaica, Singapore, Northern Europe, Portland, West Africa, Vancouver, Montreal and Mexico. As of March 31, 2009, it owned a fleet of 33 bunkering vessels, 28 of which are double hull. On July 1, 2008, Aegean acquired ICS Petroleum Ltd., a Canada-based marketer and supplier of marine petroleum products in Vancouver, Montreal and Mexico.

The Bear Stearns Companies Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., a leading global investment banking, securities trading and brokerage firm. Since 1923, we have helped corporations, institutions, governments and individuals reach their financial objectives. Clients have come to rely on the breadth of our expertise, our commitment to client service and our innovative approach to problem-solving. Talented professionals join Bear Stearns because of our unique corporate culture. Based on respect, integrity, meritocracy, innovation and a commitment to philanthropy, these guiding principles serve as blueprint for the way that we do business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/5/2007 11:25 AM Buy
None
23.80 30.00
as of 8/27/2015
1 Week down  -8.60 %
1 Month down  -43.45 %
3 Months down  -47.09 %
1 YTD down  -31.81 %

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