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Lowest Price to Book Ratio in the Marine Industry Detected in Shares of FreeSeas (FREE, SBLK, EXM, EGLE, PRGN)
Jan 04, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Marine industry with the lowest price to book ratios. Often companies with the lowest ratio present the greatest value to investors.FreeSeas ranks lowest with a a price to book ratio of 0.01. Star Bulk Carriers is next with a a price to book ratio of 0.02. Excel Maritime Carriers ranks third lowest with a a price to book ratio of 0.03.
Eagle Bulk Shipping follows with a a price to book ratio of 0.05, and Paragon Shipping rounds out the bottom five with a a price to book ratio of 0.07.
SmarTrend recommended that its subscribers protect gains by selling shares of FreeSeas on May 4th, 2012 by issuing a Downtrend alert when the shares were trading at $1.15. Since that call, shares of FreeSeas have fallen 93.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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