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Crude Carriers Corp. (CRU) [hlAlert]

down 47.66 %

Crude Carriers Corp. (CRU) rated Buy with price target $15.50 by UBS

Posted on: Friday,  May 6, 2011  11:25 AM ET by UBS

UBS rated Buy Crude Carriers Corp. (NYSE: CRU) on 05/06/2011. Previously UBS rated Buy Crude Carriers Corp. (NYSE: CRU) on 04/21/2010.,
when the stock price was $18.38. Since then, Crude Carriers Corp. has lost 47.66% as of 09/30/2011's recent price of $9.62.
If you would have followed the previous UBS's recommendation on CRU, you would have lost 47.66% of your investment in 527 days.

Crude Carriers Corp. (Crude Carriers) is a transportation company. The Company is focused on conducting a shipping business focused on the crude tanker industry. It is focused on acquiring and operating a fleet of crude tankers that will transport mainly crude oil and fuel oil along worldwide shipping routes. As of March 1, 2010, the Company has entered into agreement with Capital Maritime to acquire the Initial Suezmax, which is deployed in the spot market. As of March 1, 2010, the Company is focused on spot market, including all types of spot market-related engagements, such as single voyage or short-term time charters.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/6/2011 11:25 AM Buy
14.35 15.50
as of 12/30/2011
1 Week   
1 Month   
3 Months   
1 YTD down  -41.97 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/21/2010 8:25 AM Buy

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