At www.ValuEngine.com we show that the Transportation sector is 18.2% overvalued with the Shipping industry 39.3% overvalued. All 18 stocks in today’s table have complete ValuEngine data and have enough price data to have most value levels, risky levels and pivots.
ANW – was a $48 stock in October 2007 and has been below $10 since February 12, 2011.
BALT – has been below $10 since the week of January 29, 2011.
CPLP – was a $32 stock in August 2007 and has been below $10 since the week of May 28, 2011.
DCIX – has been below $10 since the week of June 11, 2011.
DRYS – was a $126 stock in Nov 2007 and has been below $10 since the week of May 16, 2009.
ESEA– was a $21 stock in October 2007, and has been below $10 since the week of October 4, 2008.
FRO – was a $72 stock in June 2008 and has been below $10 since the week of August 13, 2011.
GNK – was an $84 stock in May 2008 and has been below $10 since the week of April 23, 2011.
GSL – has been below $8.05 for at least five years.
NAT – was a $44 stock in July 2007 and temporarily popped above $10 March 19 thru April 1, 2013.
NNA– has been below $10 since the week of January 30, 2010.
PRGN– was a $273 stock in Nov 2007 and has been below $10 since the week of February 25, 2012..
RLOG – has been below $9.25 for at least five years.
SB – has been below $10 since the week of October 11, 2008.
SBLK– was a $220 stock in November 2007 and has been below $10 since the week of July 28, 2012.
STNG– has been below $10 since the week of July 16, 2011.
TNK – was a $26 stock in May 2008 and has been below $10 since the week of May 21, 2011.
TNP – was a $39 stock in May 2008 and has been $10 since the week of July 16, 2011.
Reading the Table
OV / UN Valued – The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine. The most undervalued stock is DRYS by 65.2%. The most overvalued stock is BALT by 220.1%.
VE Rating – A “1-Engine” rating is a Strong Sell, a “2-Engine” rating is a Sell, a “3-Engine” rating is a Hold, a “4-Engine” rating is a Buy and a “5-Engine” rating is a Strong Buy. There is only one Hold rated stock (STNG) with nine Sell rated stocks and eight Strong Sell rated stocks.
Last 12-Month Return (%) – Stocks with a Red number declined by that percentage over the last twelve months. Stocks with a Black number increased by that percentage over the past twelve months! The biggest gainer over the last 12 months is GSL up 37.3%. The biggest loser is FRO down 67.9%.
Forecast 1-Year Return – Stocks with a Red number are projected to decline by that percentage over the next twelve months. Stocks with a Black number in the Table are projected to move higher by that percentage over the next twelve months. All are expected to be lower between a loss of 23.6% (GNK) and a loss of 3.2% (STNG).
P/E Ratios – The 12 month trailing P/E ratios – We have three stocks with single-digit P/E ratios (ANW, GSL & SB).
Value Level: is the price at which to enter a GTC Limit Order to buy on weakness. The letters mean; W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A- Annual.
Pivot: A level between a value level and risky level that acts as a magnet during the time frame noted.
Risky Level: is the price at which to enter a GTC Limit Order to sell on strength.
Where to Buy and Where to Sell
A “Value Level” is a price at which buyers should add to positions on market price weakness. A “Risky Level” is a price at which sellers should reduce holdings on market price gains. A "Pivot" is a support or resistance (Value Level or Risky Level) that was violated in its time horizon, acting as a magnet during the remainder of that time horizon. These levels are calculated in weekly (W), monthly (M), quarterly (Q), semiannual (S) and annual (A) time horizons, based on the past nine closes in each time horizon. My theory is that the closes over a nine-year period are the summation of all bullish and bearish events for that market or specific stock. These levels are the most important element of my Buy and Trade Strategy.
Buy and Trade Guidelines
Investors should consider entering good until cancelled (GTC) orders to buy weakness to a value level, or to sell strength to a risky level.
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