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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (41113)	3/16/2011 12:15:11 PM
From: E_K_S	Read Replies (2) of 78523

Re: Ultrapetrol (Bahamas) Ltd. (ULTR) Increased position by 30%. Earnings released yesterday. Company seems set up to take advantage of growth in their River business. Closed out their loosing passenger business, sold remaining assets and booked loss. They have made some large capital investments in both their offshore drill platform support vessels (w/ long term service contracts w/ PBR) and new river barges to build system capacity. Ultrapetrol Reports Financial Results for Fourth Quarter and Full Year 2010 finance.yahoo.com Will explore lightening up on shares in 31 days. ------------------------------------------------------------------------- Closed out shares in Gerdau S.A. (GGB) for $13.32/share. Shares bought 3/2009 at $5.37/share. Moved proceeds into ULTR. Company struggled to book higher profits due to very high commodity input costs. This is a low cost producer and a good play on an expanding world economy. Will continue to watch for a lower entry point (below $10.00/share) to start a small tracking position. EKS

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