Aegean Marine Petroleum is expected to earn 39 cents this year, down from 53 cents last year, but earnings are expected to rise dramatically in 2012. The stock is selling at about 14 times trailing earnings and 5 time forward earnings estimates. The company's larger competitor, World Fuel Services (INT), sells for about 15 times trailing earnings and 13 times forward estimates. Even if earnings for Aegean Marine Petroleum revert to 2010 levels when it earned 53 cents per share, the stock is worth at least 50% more than where it now stands.

Aegean is one of TheStreet Ratings' top-rated shipping stocks.

Hellenic Telecommunications

What is it like to be a telecom in one of the worst economies in the world right now? Look no further than Hellenic Telecommunications (HLTOY: Pink Sheets). This telecom gets no respect just because it is located in Greece. Telecommunications in this day and age is a priority for people of all ages and locales. We are in the mobile telecom age. Do you think that the people of Greece are going to give up on Facebook and Twitter just because their government is broke? I think not.

Hellenic Telecomm has a very secure balance sheet and generates strong cash flow. The company paid off $3.3 billion of its long-term debt the past two years, down to a level of $4.3 billion at the end of 2010. Furthermore, the stock earns a dividend of about 10 cents per share annually.

Since the end of 2010, the stock has dropped by nearly 45%, from $4 on New Year's Eve day. I consider Hellenic Telecomm an excellent component of my four cheap speculative Greek stocks and expect it to perform much better once Greece moves beyond its current crisis.

-- Written by Scott Rothbort in Millburn, N.J.


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At the time of publication, Rothbort was long HHC, C, BAC and Ford Warrants, although positions can change at any time.

Scott Rothbort has over 25 years of experience in the financial services industry. He is the Founder and President of LakeView Asset Management, a registered investment advisor specializing in customized separate account management for high net worth individuals. In addition, he is the founder of, an educational social networking site; and, publisher of The LakeView Restaurant & Food Chain Report. Rothbort is also a Term Professor of Finance at Seton Hall University's Stillman School of Business, where he teaches courses in finance and economics. He is the Chief Market Strategist for The Stillman School of Business and the co-supervisor of the Center for Securities Trading and Analysis.

Mr. Rothbort is a regular contributor to's RealMoney Silver website and has frequently appeared as a professional guest on Bloomberg Radio, Bloomberg Television, Fox Business Network, CNBC Television, TV and local television. As an expert in the field of derivatives and exchange-traded funds (ETFs), he frequently speaks at industry conferences. He is an ETF advisory board member for the Information Management Network, a global organizer of institutional finance and investment conferences. In addition, he is widely quoted in interviews in the printed press and on the internet.

Mr. Rothbort founded LakeView Asset Management in 2002. Prior to that, since 1991, he worked at Merrill Lynch, where he held a wide variety of senior-level management positions, including Business Director for the Global Equity Derivative Department, Global Director for Equity Swaps Trading and Risk Management, and Director for secured funding and collateral management for the Global Capital Markets Group and Corporate Treasury. Prior to working at Merrill Lynch, within the financial services industry, he worked for County Nat West Securities and Morgan Stanley, where he had international assignments in Tokyo, Hong Kong and London. He began his career working at Price Waterhouse from 1982 to 1984.

Mr. Rothbort received an M.B.A., majoring in Finance and International Business from the Stern School of Business, New York University, in 1992, and a B.Sc. in Economics, majoring in Accounting, from the Wharton School of Business, University of Pennsylvania, in 1982. He is also a graduate of the prestigious Stuyvesant High School in New York City. Mr. Rothbort is married to Layni Horowitz Rothbort, a real estate attorney, and together they have five children.

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