GE Shipping is one of the best stock available among large caps. Its a gold trading at prices of steel.
It currently has standalone PE of 3.6 and consolidated PE of 3. Its trading discount to its book value of 323. So basically you are getting an asset of Rs.323 at Rs.264 that is earning Rs.90 per year for you.
Its just a steel deal and won`t be available long. So be wise and invest heavily in this stock.
usgoel-One can buy Great Eastern Shipping Company with a target of Rs 400-500!!As its a mouth watering BUY at CMP!!Great Eastern Shipping Company is right now readying for a breakout!!Volumes are pretty encouraging!!and Now I expect the momentum to be carried forward!!So I do believe that Great Eastern Shipping Company is a good buying opportunity.
Well if you examine the current scenario, due to recession, the demand has come down and the shipping prices have fallen down sharply. So you can expect lower profits or even some losses in next 2-3 quarters with sales falling down and so do the profits... But then investing is not done for 6-9 months. When you invest in PPF, you invest for 15 years and the result is lot of sum you get.
Stocks are traded similarly while making investments. You invest for long term (atleast 2-3 years). Now in 2-3 years, when the economies recover, the shipping prices will go up sharply. The business that has decreased will multiply fastly and so the rates will zoom up.
So i strictly feel GE Shipping is good long term investment. For short term, no fundamentals work. Only some techies do work. And that currently suggest GE shipping will go to 325 level if it holds above 277.
But what the main point is you have nothing to lose but only gain. Even if it falls, it can`t fall over 20-30% but it has growing potensial of 500%.
So it makes sense to invest in this counter looking at risk reward ratio. Again, invest don`t simply trade :)
usgoel-GE Shipping in the current scenario is a superlative long term Investment!!Green/Brown shoots are appearing all over!!Globally most economies are recovering!!As worst is discounted GE Shipping becomes a Superb Investment Opportunity for the discerning Long Term Investor!!
Baltic dry index has started to stablize and is consolidating now. With signs of revival in economies accross the world, the shipping prices will definitely goes up so this stock is soon going to see some major buildups. I believe this is right time to invest in this stock as it will soon change its level on upper side somewhere around 375 is what i estimate.
Another boom gloom day. Baltic dry index shoot up 4% to get to 2440 levels. GE Shipping was mute when market rallied because baltic dry index was falling. Now that it is recovering quickly, GE shipping has to follow the index.
I strongly recommend buy GE shipping at these levels as it can take an upbreak any time & most prolly that will happen today.
Friend I agree with your analysis.yesterday when the market is in red the varun shipping is showing signs of recovery.The indications are positive.Good days ahead.
| NIFTY 
