Comments for GASS - Stockpickr! Your Source for Stock Ideas

Comments for GASS

Added By	Comments	Type	Date Added
eager_investor	Decent dividend paying and suggested by StockScouter	Love	August 10, 2008
Deanl007	The company is benefitting from skyrocketing shipping rates and the boom in energy transportation. P/E: 10, GROWTH RATE: 34%, GPE: 3.2, Sales growth: 10% Description of company: Stealthgas Inc, (GASS) StealthGas, Inc., together with its subsidiaries, engages in the ownership of a fleet of liquefied petroleum gas (LPG) carriers that provide international seaborne transportation services to LPG producers and users in Greece and internationally. It carries various petroleum and petrochemical gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, which are byproducts of the production of crude oil and natural gas. The company offers its services to producers of LPG products, such as national and other independent energy companies and energy traders; and industrial users of those products. As of May 27, 2007, its fleet consisted of 29 LPG carriers with a total capacity of 126,769 cubic meters. StealthGas was founded in 2004 and is headquartered in Athens, Greece.	Love	July 20, 2007
scdemjen	growth	Love	June 13, 2007
Barrons	By Cantor Fitzgerald We raise our price target to 17 (from 15) based on an 8 times EV/2007 [enterprise value] multiple to our new 2007 Ebitda [earnings before interest, taxes, depreciation and amortization] estimate of $47 million (from $45 million). StealthGas announced the acquisition of four [liquid-petroleum gas] carriers (three secondhands and one new) for an aggregate price of $51 million. We expect these acquisitions to be financed by approximately 90% debt and 10% equity. As a result, we raise our 2007 and 2008 EPS estimates to $1.50 (from $1.46) and $1.71 (from $1.58), respectively, to account for latest acquisitions, as well as charter extensions for six LPG carriers. We also raise our Ebitda estimates to $47 million (from $45 million) for 2007 and $53 million (from $47 million) for 2008. GASS has secured 85%+ of its fleet operating days for 2007, which should provide relatively stable earnings and help support current dividend policy.	Love	April 07, 2007
Pam	6.6%	Love	January 22, 2007