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Strategies & Market Trends : Growth stocks with Value -- Ignore unavailable to you. Want to Upgrade?

To: zx who wrote (5)	9/10/2000 9:45:43 PM
From: Rarebird	Read Replies (2) \| Respond to of 3145

zx, I like OMM on weakness here. This is my reasoning: OMI(OMM) Corporation provides sea borne transportation services for crude oil and petroleum products in the international shipping markets. The Company operates a fleet of 25 vessels and its customers include major independent and state-owned oil companies, major oil traders, and government entities. The oil transportation industry is currently experiencing strong demand for tanker transportation on optimism over increased OPEC production. OMI Corporation is highly leveraged to oil exports and is expected to be a prime beneficiary of this trend. OMI’s balance sheet and cash flows are improving and I expect the company to capitalize on higher rates as it expands its fleet. This coupled with lower operating costs is expected IMO to provide strong future earnings growth. This stock is selling for less than 10 times next years earnings. OMM is not primarily a play on the price of crude oil but a play on increased OPEC production. PS I wish you the best on your new thread and I look forward to contributing in the future.