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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (41113)2/11/2011 11:04:54 AM
From: E_K_S   of 78748
 
Hi Madharry - Price target of $10.00/share. Lot's of unrecognized value still in this stock.

Jefferies Finds Ultrapetrol To Benefit From Estimated Increase In Soy Production (ULTR)

benzinga.com

From the article:"...Jefferies is reporting that Ultrapetrol's (NASDAQ: ULTR) growing river business is expected to have a strong year after the USDA predicted soy production increase in 2011.

“Yesterday, the USDA Foreign Agriculture Service updated their monthly world agricultural production estimates to include a substantial increase in Paraguayan soy bean production for 2011, which should result in meaningful growth for Hidrovia barge trade, the report notes.

“With Ultrapetrol controlling the only barge building facility of any size in the Hidrovia region, we believe the only incremental capacity likely to enter the market will be ULTR vessels. Assuming no older barges are scrapped during the year (likely scrapping should actually be close to 50 barges), Ultrapetrol's jumbo barges should add about 4% to total market capacity in 2011.”

Jefferies reiterated Ultrapetrol's Buy rating and $10 Price Target...."

EKS
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