Genco Shipping & Trading
P/E Ratio: 3.33
Genco made an epic bet this past summer when it acquired 13 dry bulk ships for about a half-billion dollars. Even at the time, the move was seen as highly risky, like buying a call option on the Baltic Dry Index. Combined with the company's heavy exposure to the spot market, it's easy to see why Genco's shares have underperformed even its peers among the bulkers.
The Wall Street forecast for Genco's fourth quarter is calling for a profit of $1.04 a share, on revenue of $130 million. In the fourth period of 2009, Genco earned $1.13 a share, on revenue of $96 million. Analyst Ratings
Of the 12 analysts covering Genco, nine rate the company at strong buy. Three have holds opinions on the stock. -- Written by Scott Eden in New York