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

To: Paul Senior who wrote (40233)	12/30/2010 3:06:18 PM
From: E_K_S	Read Replies (1) \| Respond to of 78574

Re: StealthGas, Inc. (NasdaqGS: GASS ) Company hits a 52wk high on 2x daily volume. Only new news was on Tuesday 12/28/2010. STEALTHGAS INC. Announces New Charter Arrangements for Five Vessels, an Update Regarding the Financing of the Five New Building LPG Vessels Being Constructed in Japan and the Departure of Chief Financial Officer Mr. Andrew Simmons finance.yahoo.com Not too sure why the CFO is leaving unless he feels his job is done. He did obtain the necessary financing for their 5 new ships to be delivered next year. Stock has exceeded your initial price target of $7.00/share but I am going to hold out for $9.00/share before I begin to peel off shares. Stock is strong with heavy "Buy" volume trading near $8.00/share. I followed you in on this trade 2/9/2010 at $4.63/share. Since then their business financing concerns have been resolved and more long term leases have been obtain at pretty high day rates. It's possible as the new vessels come on next year, the company may run into problems with securing long term leases. However, lots of NG will be available to ship in 2011 and I see possible contract commitments in Europe 7 China for US liquid propane & butane. This should be a positive for GASS. EKS FWIW increased my position in RAM Energy Resources, Inc. (NasdaqGM: RAME ). Company closed on the sale of some non core assets ($43.7 million). Proceeds to reduce debt ($16 million to revolving credit facility) and $27.7 million to LT Debt . I also see that Black Rock started an initial position in June 2010 (around $2.00/share) representing 2.2% of the outstanding shares. Based on proved reserves stock is valued at $2.50/share minimum.