The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy . This two strategy approach offers a large-cap value model and a growth approach that looks for persistent earnings growth and strong relative strength.
EAGLE BULK SHIPPING INC. ( EGLE ) is a small-cap value stock in the Water Transportation industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 50% to 100% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Eagle Bulk Shipping Inc. is engaged in the ocean transportation of dry bulk cargoes around the world through the ownership, chartering and operation of dry-bulk vessels. The Company owns and operates a fleet of approximately 44 oceangoing vessels, including approximately 43 Supramax and a Handymax, with a combined carrying capacity of over 2,404,060 deadweight tons (dwt) and an average age of approximately 8.7 years. Supramax dry bulk vessels are vessels that are constructed with on-board cranes, ranging in size from approximately 50,000 to 65,000 dwt. The Company transports a range of bulk cargoes, including coal, grain, ore, pet coke, cement and fertilizer, along worldwide shipping routes. It offers services, including commercial operations and technical supervision, safety monitoring, vessel acquisition, and financial, accounting and information technology services. Its subsidiaries include Eagle Shipping, Eagle Shipping International ( USA ) LLC and Eagle Bulk Pte. Ltd.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PER SHARE PERSISTENCE:
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Since its inception, Validea's strategy based on James P. O'Shaughnessy has returned 282.15% vs. 172.66% for the S&P 500. For more details on this strategy, click here
About James P. O'Shaughnessy : Research guru and money manager James O'Shaughnessy forced many professional and amateur investors alike to rethink their investment beliefs when he published his 1996 bestseller, What Works on Wall Street. O'Shaughnessy back-tested 44 years of stock market data from the comprehensive Standard & Poor's Compustat database to find out which quantitative strategies have worked over the years and which haven't. To the surprise of many, he concluded that price/earnings ratios aren't the best indicator of a stock's value, and that small-company stocks, contrary to popular wisdom, don't as a group have an edge on large-company stocks. Today O'Shaughnessy heads O'Shaughnessy Asset Management.
About Validea : Validea is an investment research service that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here