Meeting with CEO of Quintana Marine Transportation Portfolio - Stockpickr! Your Source for Stock Ideas

Meeting with CEO of Quintana Marine Transportation

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Date updated:03-21-2007

It is always beneficial to talk to management,even more so in a cyclical commodity-driven industry as marine transportation. In focus here is a meeting with Stamatis Molaris, President & CEO of Quintana Maritime Limited.Key takeaways are:
Best Operating cost base in the industry
Competitive daily cash flow break even for 2007: $12,396 (check against peers!!)
Growing ton mile demand as Brazil becomes the choice supplier of iron ore to China
Port constraints in Australia has been cited as a concern and Molaris stressed that it is a problem that will not go away(look out for quality infrastructure plays in Australia)
Remain focused on the iron ore trade, monitoring a good industry source because the commmodity determines charter rates in the dry bulk shipping industry especially for the largest class of vessels, Capesizes, and Panamaxes.
Management is committed to long-term charters, grow its fleet, and maintain a conservative dividend payout policy.

GSTL
Gstl
$0.00
N/A
$N/A

Yield(2007E): 8.2% Payout:72% EV/EBITDA: 8.7x

People owning GSTL also tend to own: ARXT CALP CAMH.OB FXI JTX KMP LIFC

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DSX
Diana Shipping In
$16.35
-0.85%
$16.40

Yield(2007E): 9.6% Payout:100% EV/EBITDA: 10.2x

People owning DSX also tend to own: ALD BMY CNE GAIN GOOD HTE ML.TO

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EGLE
Eagle Bulk Shippi
$5.69
-1.04%
$5.82

Yield(2007E): 10.5% Payout:98% EV/EBITDA: 10.6x

People owning EGLE also tend to own: CVP CZN FGP GMR KED KYN NCT

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EXM
Excel Maritime Ca
$7.22
-1.63%
$7.40

Yield(2007E): No dividends EV/EBITDA: 5.0x

People owning EXM also tend to own: FRO OSG BDV CZN EPD GMR GSTL

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QMAR
4.82
$24.29
0.00
$24.29

Yield(2007E): 6.7% Payout:43% EV/EBITDA: 9.0x

People owning QMAR also tend to own: CSH CTRP JNJ LGBT LVS MKL SVI

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