SocialPicks Sentiment:
** v.s.
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This Quarter's Sentiment:
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SocialPicks Community
Ocean Freight dry bulk shipping
OCNF
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-6.19%
in
13 days
Dry bulk shippers been really hurt as a group. It's a play on recovery in global shipping like Warren B with his railroads. OCNF just reported ok 3Q w/ money after taking loss on selling one ship. Bought bigger one w/ revs already locked in and 2 more ships to be bought soon. Greek based.
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long term flyer
OCNF
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-23.74%
in
197 days
This stock recently suspended what would have been a 200% dividend. This is based on severely lower income negotiated to keep the ships in service during this downturn, one renegotiation was for 35 months. The stock recently traded about $25 and is now $1.39. The idea is that there is a hopefully surviveable company that if it returns to last years form in 2 or 3 years will be worth 10 to 15 times present value and pay dividends of 200% or more based on current investment. They only sail second hand ships so should not have the capitol overheads of some other companies.
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Bullish on OCNF ...
OCNF
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-13.82%
in
264 days
OceanFreight, Inc. engages in the marine transportation of drybulk and crude oil cargoes through the ownership and operation of drybulk and tanker vessels worldwide. As of February 26, 2008, it owned a fleet of 11 vessels consisting of 1 Capesize bulk carrier, 8 Panamax bulk carriers, 1 Suezmax tanker, and 1 Aframax tanker. The company was founded in 2006 and is based in Athens, Greece.
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through the global commodity demand
OCNF
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-95.86%
in
547 days
Today's stock selection:
OCNF
http://www.zacks.com/rank/zcommentary/?id=7725
Oceanfreight is benefiting from global commodity demand as its vessels reach nearly 100% utilization rates. The company has surprised on earnings three out of the last four quarters on average of 117.48%. Oceanfreight has a forward P/E of 9.66. Full Analysis <> Oceanfreight, Inc. ( OCNF ) is a global marine transportation company based in Greece that ships drybulk and crude cargoes. The company acquired its first vessel in June 2007 and ...
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From the Blogosphere
Analyst upgrades, downgrades and initiations: MU, DRIV, HELE, URBN, AKS...
Gapping up
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In reaction to strong earnings/guidance: FSLR +21.3%, CPSS +13.3%, XNN +13.2%, BWLD +12.2%, ATAR +11.9%, XPRT +11.0%, VOLC +8.9%, WSPI +8.8%, RICK +5.6%, OCNF +4.7%, CEPH +4.3% (upgraded to Strong Buy at Broadpoint), PFCB +3.7%, BOBE +3.6%, JNY +3.6%, GXDX +1.6%, ABD +1.5%, NTWK +1.3%, KO +1.1%, VG +1.0%... Other news: BRKS +4.6% (Rio Tinto posts solid results, says BHP must boost offer 'considerably' - WSJ), TASR +2.8% (announces 3 more product liability lawsuit dismissals), DNA +2.2% (announces Avado study of Avastin Plus docetaxel chemotherapy showed improved progression-free survival in...
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Monday's Upgrades and Downgrades
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<>
UPGRADES
Oceanfreight OCNF Ferris Baker Watts Neutral » Buy
Shaw Group SGR SMH Capital Sell » Neutral
Synopsys SNPS Deutsche Securities Hold » Buy
Kenexa KNXA Brean Murray Hold » Buy
Activision ATVI Piper Jaffray Neutral » Buy
Align Tech ALGN Jefferies & Co Underperform » Hold
National Semi NSM JMP Securities Mkt Perform » Mkt Outperform
Advance Auto AAP JP Morgan Neutral » Overweight
AutoZone AZO JP Morgan Underweight » Neutral
Yingli Green Energy YGE Banc of America Sec Neutral » Buy
JC Penney JCP Lehman Brothers Equal-weight » Overweig< /><>< /><>< /><>< />< />< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< />< /><><>< /><>< />< /><><>< />< />< />< />< />< /><><>...
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Monday's Upgrades and Downgrades
<>
UPGRADES
Oceanfreight OCNF Ferris Baker Watts Neutral » Buy
Shaw Group SGR SMH Capital Sell » Neutral
Synopsys SNPS Deutsche Securities Hold » Buy
Kenexa KNXA Brean Murray Hold » Buy
Activision ATVI Piper Jaffray Neutral » Buy
Align Tech ALGN Jefferies & Co Underperform » Hold
National Semi NSM JMP Securities Mkt Perform » Mkt Outperform
Advance Auto AAP JP Morgan Neutral » Overweight
AutoZone AZO JP Morgan Underweight » Neutral
Yingli Green Energy YGE Banc of America Sec Neutral » Buy
JC Penney JCP Lehman Brothers Equal-weight » Overweig< /><>< /><>< /><>< />< />< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< /><>< />< /><><>< /><>< />< /><><>< />< />< />< />< />< /><><>...
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About OceanFreight Inc.
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