Thursday, February 5, 2009

Aegean Maritime

Aegean Marine is a volatile small cap bunkering company based in Greece. The stock was trading at 6 a year ago, jumped to 44 in the spring and has since pulled back to 17. The business model is resilient because the company doesn't transport cargo and therefore isn't exposed to day rates. Aegean is in solid financial position and well poised to purchase some mom and pop operations. I will continue to look into this company. If anyone is familiar with Aegean please share...

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