2. TOP Ships (TOPS - Get Report) owns tanker and dry-bulk ships, which it rents on multi-year, fixed-rate contracts. The dry-bulk industry, considered an economic bellwether, was one of the hardest hit amid recession. And TOP's small stature and unfavorable financial position left it exposed. The company has a market value of roughly $31 million, making it a micro-cap stock, a volatile asset class. Its long-term contracts insulate it from pricing cyclicality and a recent move to outsource ship maintenance will boost profit margins in 2011 and beyond, according to Morningstar.
5 Turnaround Stocks That Could Double
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