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

To: Paul Senior who wrote (44066)	9/27/2011 2:24:36 PM
From: E_K_S	Respond to of 78618

Ultrapetrol (Bahamas) Ltd. (ULTR) I upped my ULTR position by 30% and will give this company one last shot to get their earnings growing again. There have been lots of excuses for earnings misses over the last 2 quarters and now is the time to start posting their gains. Here is their most recent report filed today. xml.10kwizard.com With today's buy, I have got my cost basis down to a level where I can make a good gain if Ultra's offshore business and Barge Division can get traction. Lots of capital has been invested in upgrading their new offshore fleet and completing a barge port facility. Soybeans from the early 2011 harvest season have been stored for lack of water in the river and eventually need to get to the sea port. I expect their 3rd and 4th Qtr River business to show some good gains. Hopefully during the next 12-24 months I will be peeling off shares for a gain rather than booking losses and buying back shares. The Brazilian Real must stay stable and this is the one wild card that could screw things up. EKS