stock market predictions

 
The free market of ideas.
or Log in now
 
TRMD Aktieselskabet Dampskibsselskab +31.6%
Initiated 1/20/11 $7.60 - Target 11/8/11 $10.00
Closed $1.04 11/8/11 3:59 PM
Today $2.23
Made -86.3% Consider this Stock
so we email you when someone covers it

Analyst Profile

rss
Ian Hall
Washington, DC
User since Sep 2009
Covers MNTX GOOG OLED ONVO TWGP MONIF URG and 4 other stocks - Go to Blog
Consider this Analyst
so we email you when they make picks
Don't even try to pronounce this one...

Aktieselskabet Dampskibsselskab has been around since 1889.  In 2009, they changed their name (wisely, I think ) from this nine-syllable tongue twister to the much more easy-to-manage TORM A/S.

So what the hell do they do?  They're a shipping company located in Copenhagen, Denmark that provides tanker and dry bulk shipping with a fleet of 140 vessels.

Their product tankers carry refined oil products, such as gasoline, jet fuel, naphtha, and diesel oil and their dry bulk vessels carry iron ore and coal for utilities and the steel industry; and commodities, such as grain, bauxite, and fertilizers.

This is more a play on the former segment of their services.  I got one in the chops on a coverage of Diana (DSX) that lost almost 15% last year, but I'm tinkering with the idea that there may be some increase in profits for an outfit like TORM as the price of oil simmers in 2011.The company’s dry bulk vessels carry iron ore and coal for utilities and the steel industry; and commodities, such as grain, bauxite, and fertilizers.

 

 
Comment on this Article
Contribute to the conversation

Blog a Stock

1 Enter a Symbol
 
2 Set a Target Price
 
or Set % Change
 
3 Choose a Target Date
 
Once you have entered a symbol, information about that security will appear here.
 
What People Are Saying...
Alex O'Reilly said at 2/8/11 8:25 PM
hahaha only cover stocks you can pronounce, Ian.
Ian Hall said at 2/9/11 10:57 AM
Probably sound advice. It'd also be wise for me to stay the hell away from shipping stocks...I can't pick 'em to save my life.
Josh Warner-Burke said at 7/25/11 2:51 PM
Wonder what the story is on this one that's caused it to lose half its value this year.
Ian Hall said at 7/25/11 4:22 PM
The short answer: I wrote a coverage on it. :-(
TRMD $2.23 0.00 (-11.3%)
 
 
JMBA: Juicy fruit...
Opened 1.84 11/25/09
Target 3.01 by 8/31/10
Today 14.64
Ian Hall from Washington, DC

LIEG: Lithium rush?
Opened 1.01 2/25/10
Target 1.87 by 11/10/10
Today 0.02
Ian Hall from Washington, DC

BLIAQ: Blockbusted by Juneteenth!
Opened 0.42 1/26/10
Target 0.31 by 6/19/10
Today 0.02
Ian Hall from Washington, DC

UA: We must protect this house!
Opened 27.07 12/4/09
Target 40.00 by 11/1/10
Today 69.91
Ian Hall from Washington, DC

 
 AAPL  APP  BAC  BCONQ 
 BWLD  C  CAT  CENX  COSI 
 CVTI  DDD  DECK  EWZ  FB 
 FEYE  GMCR  GOOG  GRPN 
 HTZ  IACI  MKC  MNTX 
 NXPI  P  RGR  RIG  SWIR  TA 
 TBL  TIE  TLPC  TWGP  TWTR 
 UA  UNH  VMW  WPCS  YHOO