Posted
Apr 15 2008, 09:08 PM
by
Dave Dispennette
The Playbook 100
QMAR @ $24.29 (Quintana Maritime) provides international marine transportation services for coal, iron ore and grain with a fleet of 29 drybulk carriers. Revenues have increased between 75%, and 203% during the last four quarters. Earnings are expected to increase 80% this year to $2.39 a share. We feel the drybulk shippers are ready to start their trek higher. We also like DRYS, TBSI and EGLE but have chosen QMAR as our drybulk shipper play. We are establishing a position here and will add to position on any weakness around $22 with a tight stop loss set at $21.50.
Momentum Stocks
BJS @ $30.50 (B J Services) provides pressure pumping and oilfield services to the petroleum industry. The stock has broken above a downward sloping trendline last month and today broke out of a base that dates back to last year at this time. We picked up some of this today around $30 and feel a position established here with a stop loss set around $26 will allow us to make at least a 25% return over the next few months. We will add to position if we see weakness that pulls the stock back to the $27.50 area.
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