Overseas Shipholding Group Inc. (OSG)
Name: Overseas Shipholding Group Inc. (OSG)
Web Site: http://www.osg.com
Brief Description: Overseas Shipholding Group, Inc. (OSG), an independent bulk shipping company, engages in the ocean transportation of crude oil and petroleum products. The company also transports dry bulk cargo. It operates Foreign Flag very large crude carriers, Aframaxes, product carriers, and the U.S. Flag Crude Tankers. As of December 31, 2004, OSG's fleet strength consisted of 61 oceangoing vessels, including 51 vessels operating in the international market and 10 vessels operating in the U.S. Flag market. The company is headquartered in New York City. Overseas Shipholding Group, Inc. acquired Stelmar Shipping, Ltd., a provider of petroleum product and crude oil transportation services, in January 2005.
03/31/2006 - downgraded to Neutral
ANALYST OPINION: We downgrade Overseas Shipholding (OSG), to Neutral rating.
INVESTMENT PERFORMANCE: OSG's stock price declined by  16.2% since we had assigned a Buy rating in February 4, 2005.
02/04/05 - Initiated with Undervalued rating.
|