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Aegean Marine Petroleum Network Inc. (ANW) has been a public company for 7 quarters now and its growth track has been steadily progressing. The 3rd quarter results just released were no exception. Aegean Marine is building a worldwide network of ship refueling facilities and the bunker tankers that provide fuel to ocean going vessels. It has expanded into 12 ports and currently has approximately 30 bunker tankers, and is on its way to 52 by the end of 2010.

Click to enlarge

Aegean Marine Petroleum Network Inc. (ANW) has been a public company for 7 quarters now and their growth track has been steadily progressing. The 3rd quarter results just released were no exception. Aegean Marine is building a worldwide network of ship refueling facilities and the bunker tankers that provide fuel to ocean going vessels (click chart to enlarge). They have expanded into 12 ports and currently have approximately 30 bunker tankers on their way to 52 by the end of 2010. 

My last few articles have focused on the high yield stocks I follow and how the current market disruption has pushed these stocks to levels where they are yielding 15-20% despite the prospects of continued strong payouts. It is not a stretch to believe these stocks will recover nicely once they prove the can continue to pay their dividends. My next question is, what are the prospects for growth oriented stocks? Profits from growth stocks require an answer to two questions: Will the company continue its growth path? And, will the market care?

After last quarter’s earnings report I put forth the opinion that Aegean Marine Petroleum Network (ANW) had a stock price somewhat high in relation to earnings growth. Since then the stock has fallen from the low $40s to the low $30s. I do not know if it was my astute analysis or just crappy market conditions.