Hot Stocks To Watch For 2015

Hot Stocks To Watch For 2015: Genco Shipping & Trading Limited (GNK)

Genco Shipping & Trading Limited engages in the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels worldwide. It transports iron ore, coal, grain, steel products, and other drybulk cargoes. The company charters its vessels primarily to trading houses, which include commodities traders; producers; and government-owned entities. Its fleet consists of 53 drybulk carriers, including 9 Capesize, 8 Panamax, 17 Supramax, 6 Handymax, and 13 Handysize drybulk carriers with an aggregate carrying capacity of approximately 3,810,000 dwt. The company, through its subsidiary, Baltic Trading Limited, operates a fleet of two Capesize, four Supramax, and three Handysize drybulk carriers with an aggregate carrying capacity of approximately 672,000 dwt. Genco Shipping & Trading Limited was incorporated in 2004 and is based in New York, New York.

Advisors' Opinion:

• [By silvmich]

  This is Part Three of a series of articles published on GuruFocus outlining a short thesis against Genco Shipping and Trading (GNK). Part One was published on October 31, 2013 and Part Two was published on November 14, 2013. This Part Three provides certain updates on the situation, including recent news items, as well as a look into a number of counterarguments made against the short position.

• [By FinanceGuru]

  The second contrarian indicator is that the short interest in DryShips has increased significantly. They're topped only now by Genco Shipping (GNK), which is currently poised to be heading into bankruptcy.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/hot-stocks-to-watch-for-2015.html