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Costamare Inc (CMRE) [hlAlert]

Rating:
Buy CMRE
down 12.46 %

COSTAMARE INC. (CMRE) rated Buy with price target $24 by Dahlman Rose

Posted on: Wednesday,  May 11, 2011  8:25 AM ET by Dahlman Rose

Dahlman Rose rated Buy Costamare Inc (NYSE: CMRE) on 05/11/2011, when the stock price was $17.01. Since
then, Costamare Inc has lost 12.46% as of 01/11/2016's recent price of $14.89.
If you would have followed this Dahlman Rose's recommendation on CMRE, you would have lost 12.46% of your investment in 1706 days.

Costamare Inc. (Costamare) is an owner of containerships, chartering its vessels to global liner companies. As of October 15, 2010, it had a fleet of 41 containerships aggregating 211,882 twenty foot equivalent units. Its containerships operate under multi-year charters. Its customers include A.P. Moller-Maersk, MSC and COSCO. As of October 15, 2010, the average remaining time charter duration for its fleet of 41 containerships was 5.6 years. The Company is wholly owned by the Konstantakopoulos family. The Comapny operates through a range of wholly owned vessel-owning subsidiaries incorporated in the Republic of Liberia. On September 21, 2010, it contracted with China Shipbuilding Trading Company Limited and Shanghai Jiangnan Changxing Heavy Industry Co., Ltd. for the construction and purchase of three newbuild containerships, each of 9,000 twenty foot equivalent unit capacity.

Since the Firm’s inception, the Dahlman Rose Research team has been dedicated to providing our institutional client base with differentiated research calls and actionable investment ideas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/11/2011 8:25 AM Buy
None
17.01 24.00
as of 12/30/2011
1 Week down  -1.04 %
1 Month up  20.40 %
3 Months up  14.65 %
1 YTD down  -16.75 %

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