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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (33155)	12/30/2008 2:35:38 AM
From: Spekulatius	Respond to of 78644

Madharry - good points regarding ULTR. I am also a bit skeptical. I found several things that I did not like: 1) They put a positive spin on drawing down the credit line. Usually that is considered a last resort. 2) The river barge business (which is what attracted me to ULTR initially) generates only a small part of ULTR earnings, yet they invest large amounts of capital in it. 3) Lot's of offshore vessels contracts are going to expire in Summer 2009. I'll put it on my watchlist but pass on it for now.