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5-Star Stocks poised to Pop: Genco Shipping
Based on the aggregated intelligence of 165,000-plus investors participating in Motley Fool CAPS, the Fool’s free investing community, dry bulk hauler Genco Shipping has earned a coveted five-star ranking.
With that in mind, let’s take a closer look at Genco’s business and see
what CAPS investors are saying about the stock right now.
On CAPS,
96% of the 1,069 members who have rated Genco believe the stock will
outperform the S&P 500 going forward. These bulls include oppdogger
and the top-ranked member in all of CAPS, bullishbabo. Just last month,
bullishbabo tapped Genco as a great way to go for some global growth:
The
shipping stocks have been beaten down due to concerns of an oversupply
in the next few years. However, as China, India, Brazil, etc. continue
to grow, so will demand for shipping. Genco is expected to remain
profitable indefinitely and represents a tremendous value play.
A
recent upswing in the severely beaten-down Baltic Exchange Dry Index has
several shipping stocks rebounding a bit. Genco investors, though,
haven’t shared in all of the fun, as the shares continue to lag behind
highly rated rivals like Eagle Bulk and Excel over the past one-month,
three-month, and year-to-date time periods.
Based on the current
situation, I believe that a company earning over $4 TTM and still making
major moves to grow should not be valued under $20. …
Three to
five years from now, I expect a better economy than we have right now. I
expect EPS to exceed $5 at that time. If people are more bullish then, a
P/E multiple of 10 would see a price of $50 for Genco. That’s not
unfathomable considering the high of $84.51 in May 2008 (more than 29
times 2008 earnings). I know that was during the commodity boom, but I’m
only asking for a multiple of 10 instead of 29, which I believe is
quite reasonable. A multiple of 12-15 is still not unthinkable and would
put it in line for considerably more than a triple from the current
level.
What do you think about Genco, or any other stock for that
matter? If you want to retire rich, you need to put together the best
portfolio you can. Owning exceptional stocks is a surefire way to secure
your financial future, and on Motley Fool CAPS, thousands of investors
are working every day to find them.
Source: Capital IQ (a division of Standard & Poor’s) and Motley Fool CAPS.
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