Remember
 
 
At SpeculatingStocks You Can Discover Stocks, Post Anonymously, and React to Posts. Login is Optional.
Watch for Reactions to Your Posts or React Below to Other's Posts. Discover Stocks and Market Data.
     
 

May 20, 2008

SpeculatingStocks.com Stock Pick: TOP Ships, Inc. (TOPS)

Stock Price: $10.28


TOP Ships, Inc. provides seaborne crude oil and petroleum products, and drybulk transportation services worldwide. As of December 17, 2007, it operated a fleet of 20 tankers comprising 12 double-hull Suezmax tankers and 8 double-hull Handymax tankers with a total carrying capacity of approximately 2.2 million deadweight tons.

TOPS recently did a reverse split about two months ago and has moved from the $7.00 level to the $10.00 level. Ocean shipping companies have been receiving a great deal of attention lately creating a posivite situation for TOPS, a relatively unknown name in the space.

We released Dryships, Inc. (DRYS) as a play in January of this year. It moved from our stock pick price of $60.55 to a high $116.43. We believe TOPS could make a similar kind of percentage move.

TOPS has a 52-week high of $25.45 and has a float of only 11.27 million. TOPS is trading at market cap of only $144.76 million.

 
     
Untitled Document