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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (2906)	9/1/2003 2:26:44 PM
From: Sergio H	Read Replies (1) \| Respond to of 23958

Ditch, thanks for the article on John Frediksen. Amazing how individuals find a niche and conquer it as Fredickson has done. GNLG looks expensive on comparison to its peer group using these Industry Statistics from MULTEX: Valuation Ratios P/E (ttm) 17.232 P/Sales (ttm) 1.476 P/Book (mrq) 1.392 P/Cash Flow (mrq) 10.356 Profitability (ttm) Gross Margin % 41.372 Opererting Margin % 18.067 Net Profit Margin % 13.158 Financial Strength (mrq) Quick Ratio 1.805 Current Ratio 2.120 LT Debt/Equity .803 Total Debt/Equity .848 Mgt. Effectiveness (ttm) Return on Invstmt % 4.204 Return on Assets % 3.834 Return on Equity % 8.972 It looks like the premium price on this stock is due to Frediksen's involvement and prior track record. Another example of his importance in this stock is the loan convenants specifying that Frediksen must retain at least 25% ownership to avoid default. Pictures of the fleet: ospreymaritime.com Ospire Maritime as you know, is also Frediksen controlled and was the principal owner of this fleet before the IPO. Very interesting Ditch. Sergio