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Relatively Good Value Detected in Shares of FreeSeas in the Marine Industry (FREE, EXM, SBLK, TBSI, DRYS)

Written on Thu, 07/22/2010 - 4:08am
By Chip Brian

Below are the top five companies in the Marine industry as measured by the price to book ratio. Often companies with the lowest ratio present the greatest value to investors.
FreeSeas (NASDAQ:FREE) has a price to book ratio of 0.2x based on a current price of $1.08 and a book value per share of $4.67.
Excel Maritime Carriers (NYSE:EXM) has a price to book ratio of 0.3x based on a current price of $5.16 and a book value per share of $19.68.
Star Bulk Carriers (NASDAQ:SBLK) has a price to book ratio of 0.3x based on a current price of $2.46 and a book value per share of $7.6.
TBS International (NASDAQ:TBSI) has a price to book ratio of 0.3x based on a current price of $6.14 and a book value per share of $17.71.
DryShips (NASDAQ:DRYS) has a price to book ratio of 0.4x based on a current price of $4.11 and a book value per share of $11.07.
SmarTrend is bearish on shares of SBLK and our subscribers were alerted to Sell on June 22, 2009 at $3.75. The stock has fallen 34.5% since the alert was issued.

Keywords: keywords: nasdaq:free freeseas price to book ratio

Ticker(s): FREE EXM SBLK TBSI DRYS

Contact Chip Brian



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