Remember to cut yourself a piece of the Greece Bailout.

$30B euro in loans offered to Greece on Sunday, April 11th, 2010.

Similar to Obama's bailout of the United States in 2009, $30B euro in loans offered to Greece (see http://finance.yahoo.com/news/Euro-governments-offer-Greece-apf-1130874913.html?x=0&sec=topStories&pos=1&asset=&ccode=) on Sunday may send a struggling and beaten down Baltic Dry Index ($BDI) higher next week. While Wall Street will speculate with large and distinguished shipping companies, we've selected 3 Small Cap contenders that may not receive as much recognition but have potential to win over the hearts of Main Street investors with large leaps in stock price.

Shares of OceanFreight Inc. (Nasdaq: OCNF) currently trade at over a 50% discount to book value on the balance sheet, while the company recently completed a public stock offering which resulted in gross proceeds of $99.7M. The price has found support just above $0.75/share and appears positioned for a break to the upside following sideways trading. (see chart at http://timelesswealth.net/penny-stock-articles/greece-bailout.html)


The worst may be behind dry bulk cargo transporter Seanergy Maritime Holdings Corp. (Nasdaq: SHIP), as the share price tumbled from over $4/share in late 2009 to a 52-week low of $1.04 in February of 2010, amid a common stock offering announced in late January. According to yahoo! Finance, insiders control just under 65% of the outstanding shares with 21.4M, resulting in a low-float, low P/E (trailing P/E 1.28) shipping gem. (see chart at http://timelesswealth.net/penny-stock-articles/greece-bailout.html)


Collectively, insiders and institutions hold 47.9% of the total issued and outstanding shares in Excel Maritime Carriers, Ltd. (NYSE: EXM), which realizes a float of just 49M shares, but perhaps even less when institutional ownership is factored in. Shares of Excel Maritime Carriers trade at a third of book value ($18.56), and are attractive at their current price based on traditional valuation measures. Excel Maritime Carriers saw encouraging price action of Friday's trading session, perhaps a signal of a strong week of trading lying ahead. (see chart at http://timelesswealth.net/penny-stock-articles/greece-bailout.html)

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Tags: EXM, Greece bailout, OCNF, SHIP


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