EXM ==> The Honest Abe Winner

[mrmarket]

Got the email today, it was dated that I got it on Feb 22?? But can't complain after this drop. Why does this happen to all MM picks. He picks beauties and they go down right away then to amazement of many they outperform everyone. Maybe Market analysts wait for MM's picks and then downgrade them to pick up cheap shares!!

As far as the delay in the email...remember, this board is free for all. That means I can't pay a lot of money for a fancy server. Oh well.

[stockedup]

nice profit

I do get your emails as soon as you send them out. Thank you.

I haven't been in the market since August, so I appreciate receiving your email on EXM. I made a nice profit on it.

So, thank you, Mr Market. First, though, it is fitting to thank our gracious God above for giving you a giving heart.

[diogenes]

Thanks for the pick...options on this one worked out.

[Hungaryson]

put me on your weekly e-mail list

riskman1 at gmail dot com

Thanks

[casinoboy3]

Greece's Excel Maritime Carriers Ltd. on Tuesday said fourth-quarter profit plummeted 32 percent as weaker revenue from cargo shipping met with sharply higher costs.
Net income fell to $9.3 million, or 47 cents per share, from $13.8 million, or 69 cents per share, a year earlier.

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The recent period includes amortization and depreciation charges totaling 4 cents per share, while the year-ago quarter includes a gain of $2.5 million, or 12 cents per share, on the sale of a bulk carrier ship.

Analysts surveyed by Thomson Financial forecast earnings of 67 cents per share.

Revenue dipped to $35.2 million from $35.7 million a year ago on weaker voyage revenue.

Average daily charter rates for its vessels were higher in the recent period at $20,849 versus $19,992 in the prior-year quarter. However, the company operated slightly fewer ships, on average.

Operating expenses climbed 26 percent at the same time to $23.5 million.

Net income tumbled to $31.1 million, or $1.56 per share, in 2006 from $67.8 million, or $3.64 per share, in 2005. Annual revenue rose to $124.1 million from $118.6 million.

Shares of Excel Maritime slipped 33 cents to end at $17.99 on the New York Stock Exchange, then added 2 cents in aftermarket activity to $18.01.



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I sure hope the after hours quote of down 11% doesn't reflect tomorrow's action.... I liked this one, guess we'll have to wait quite a bit longer now to see a 15% profit.

[mrmarket]

Greece's Excel Maritime Carriers Ltd. on Tuesday said fourth-quarter profit plummeted 32 percent as weaker revenue from cargo shipping met with sharply higher costs.
Net income fell to $9.3 million, or 47 cents per share, from $13.8 million, or 69 cents per share, a year earlier.

ADVERTISEMENT


The recent period includes amortization and depreciation charges totaling 4 cents per share, while the year-ago quarter includes a gain of $2.5 million, or 12 cents per share, on the sale of a bulk carrier ship.

Analysts surveyed by Thomson Financial forecast earnings of 67 cents per share.

Revenue dipped to $35.2 million from $35.7 million a year ago on weaker voyage revenue.

Average daily charter rates for its vessels were higher in the recent period at $20,849 versus $19,992 in the prior-year quarter. However, the company operated slightly fewer ships, on average.

Operating expenses climbed 26 percent at the same time to $23.5 million.

Net income tumbled to $31.1 million, or $1.56 per share, in 2006 from $67.8 million, or $3.64 per share, in 2005. Annual revenue rose to $124.1 million from $118.6 million.

Shares of Excel Maritime slipped 33 cents to end at $17.99 on the New York Stock Exchange, then added 2 cents in aftermarket activity to $18.01.



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I sure hope the after hours quote of down 11% doesn't reflect tomorrow's action.... I liked this one, guess we'll have to wait quite a bit longer now to see a 15% profit.

Just a little speed bump. The fact that chartering RATES are higher is very good news.

[jiesen]

go EXM!

another winner seems imminent:

http://biz.yahoo.com/iw/070411/0237645.html

Excel Maritime Carriers Enters Into a Time Charter Agreement for M/V Isminaki at $32,000 per Day and Announces Off Hire Days for the M/V Angela Star
Wednesday April 11, 4:12 pm ET

ATHENS, GREECE--(MARKET WIRE)--Apr 11, 2007 -- Excel Maritime Carriers Ltd (NYSE:EXM - News), an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced today that it has chartered M/V Isminaki for a period of twenty-four months at US $32,000 per day to a first class European charterer. The vessel will be delivered into the charter by the middle of April 2007.

M/V Isminaki is a Panamax dry bulk carrier of 74,577 dwt, built in 1998 in Japan, which the company acquired in February 2005.

The Company also announced that as a result of an incident that occurred on March 18, 2007 due to adverse weather conditions, M/V Angela Star will be off hire for approximately 20 days.

M/V Angela Star is a Panamax dry bulk carrier of 73,798 dwt, built in 1998 in Japan, which the Company acquired in June 2005. The vessel currently serves under a time charter for a period of 24-26 months at US $26,500 per day to a European charterer. The charter commenced in October 2006.

CEO Christopher Georgakis commented, "We are pleased to announce that we have secured M/V Isminaki under profitable long-term employment to a first class European charterer. Our strategy of taking advantage of the current strength in the freight rate environment by gradually employing the majority of our vessels on long term time charters enables our company to secure predictable cash flows. Following this time charter agreement, 70% of our fleet operating days for the second quarter of 2007 and 56% for the full year of 2007 are fixed under short and long term time charters."
... (continues with charter data)

[mrmarket]

these cash flows are LOCKED IN unless one of these ships sink. These cash flows are WAY UNDERVALUED. EXM is a layup of ridiculous proportions....BUY BUY BUY!!!

[mrmarket]

nice move today...EXM is on FIRE!

[jiesen]

Almost there! I give it one more week before EXM hits 23.

[Karel]

ka-CHING!!!

$$$Mr.Market$$$ did it again

He's HUGE

Regards,

Karel

[jiesen]

yes he did! So did I!

Sold my EXM today for 22.2, got my 15%. How about you, You, YOU?!!?

Congrats on another winner, $$MM! You are HUGE!!!

[jiesen]

Talk about missing the boat...

http://finance.yahoo.com/q/bc?s=EXM&t=3m

Holy smokes! EXM continues to move full-steam ahead!

[jiesen]

holy cow!

80%!

http://biz.yahoo.com/ap/070712/excel_maritime_carriers_mover.html?.v=1

sometimes it just hurts to look back at what could have been...

[mrmarket]

Just wanted to see the Spiros Arion picture again.