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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (40822)	1/19/2011 4:11:37 PM
From: E_K_S	Read Replies (2) of 78516

Hi Madharry Re: Ultrapetrol (Bahamas) Ltd. (ULTR) Added a few ULTR shares below $6.00/share. The company had a conference call today where they discussed their capital expansion plans. With their new convertible notes (total of $70 million), their interest expense is quite large but this is off set by their depreciation so their net cash flow still remains positive. More revenue comes in when their new PSV fleet starts operating and they begin to take advantage of the efficiencies in the River Business from their previous capital investments. Zachs raised their price target to $10.00/share. I have a few higher priced shares left in my basket that I plan to sell in 31 days (or longer) so this buy for me allows me to replenish my inventory and/or sell & book my loss. Longer term, I would like to see ULTR buy some Port facility warehouse space along their River Business route(s) so they can store and/or process soybeans. I expect bumper crops from all the rain w/ limited capacity to move and store soybeans on their way to China. EKS

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