UnThreaded | Threaded | Whole Thread (32) | Ignore Thread Prev | Next
Author: rainphakir Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1696  
Subject: Re: Oct 2010 Date: 10/6/2010 12:40 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
I bought a partial position in SHIP and was wondering the same.
TA perspective:
a close above 1.28 would be positive.
an increase in share price, on significant volume would be positive.


SHIP has significant resistance at 1.28 (both stockta.com and proprietary software)

The move up is on low to medium volume. Today's volume at 11am is 134k out of 187k avg volume. 66% of average before noon, but not extreme volume.

The share price has closed 2 days consecutively above the upper limit of the down channel that it's been in since May 2010.

There are NO gaps waiting to fill.

FA perspective:
from http://finance.yahoo.com/q/ks?s=SHIP+Key+Statistics

Market Cap (intraday)5: 74.64M
Enterprise Value (Oct 6, 2010)3: 433.48M

Total Cash (mrq): 70.90M
Total Cash Per Share (mrq): 1.18
Total Debt (mrq): 432.14M
Total Debt/Equity (mrq): 165.10
Current Ratio (mrq): 1.27
Book Value Per Share (mrq): 4.35

Market cap 75M roughly= total cash 70M... share price is approximately 'cash value'.

432M debt.

http://finance.yahoo.com/q/cf?s=SHIP+Cash+Flow&annual
Cash flow statement (Dec 31 2007 to Dec 31 2009)
income from operating and investing activities has increased while income from 'financing activities' has decreased.

IIRC, Dale Ploughman, the CEO, has in the last 6 months, purchased 150k shares at an average price around $1.24. http://finance.yahoo.com/news/Seanergy-Maritime-Holdings-iw-...
The insider transactions on Yahoo http://finance.yahoo.com/q/it?s=SHIP seem at odds with the yahoo news story about DPloughman :-)

fwiw and fyi :-)
ralph
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (32) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Apple

The Saddest Place on iPhone Day
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement