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$8.80 0.05 (0.57%)
2/9/2010 4:02 PM

K-Sea Transportation Partners L.P. (KSP)

CAPS Rating:
****

A limited partnership company which provides refined petroleum products marine transportation, distribution and logistics services in the U. S. domestic marine transportation business.

Rating a stock in CAPS consists of three components:

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What the Community Thinks

Total Members

173 Outperforms
13 Underperforms
 

All-Stars

73 Outperforms
4 Underperforms
 

Wall Street

5 Outperforms
0 Underperforms
 

Members bullish on KSP are also bullish on:

Members bearish on KSP are also bearish on:

Ticker Tags

Hard Asset (1002), Energy (450), Master Limited Partnership (44), Micro Cap (4701), Value (1901), Distressed (1597), Oil, Gas and Consumable Fuels (351)
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K-Sea Transportation Partners L.P. At A Glance

Current Price: $8.80
Last Trade Time: 2/9/2010 4:02 PM
Open: $8.76
Previous Close: $8.75
Daily Range: $8.68 - $8.85
52-Week Range: $8.63 - $24.59
Volume: 120,153
Market Cap: $168.32M
P/E Ratio: 218.75
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Stock Trends

KSP VS S&P 500 (SPY)

News & Discussion Boards

Top Bull Pitch

Recs

1

K-Sea Transportation Partners L.P. (KSP)

Avatar LOTEK1 (< 20) Submitted: 1/03/10 2:53 PM

I'm new to CAPS, but not to investing / trading energy related equities. My "pitch" for KSP is the same as for CPLP, except with 2 1/2% less dividend yield. I believe in the oil / natty complex for the long haul, but am tired of traders doing the dump and run. I can sit around with a 17% dividend...More

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Top Bear Pitch

Recs

1

K-Sea Transportation Partners L.P. (KSP)

Avatar skepticalbuyer (93.23) Submitted: 10/29/09 10:30 AM

covenant issues

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CAPS Members

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Recs

0

 (KSP)

Avatar DarthMaul09 (33.46) Submitted: 2/06/10 3:13 AM : Outperform Start Price: $9.25 KSP Score: -4.02

K-Sea Transportation Partners L.P. is a provider of marine transportation, distribution and logistics services for refined petroleum products in the United States. As of September 1, 2009, the Company operated a fleet of 69 tank barges and 66 tugboats that serves a range of customers, including major oil companies, oil traders and refiners. During the fiscal year ended June 30, 2009, its fleet transported approximately 150 million barrels of refined petroleum products for its customers, including BP, ConocoPhillips, ExxonMobil and Tesoro. During fiscal 2009, the Company derived approximately 80% of its revenue from longer-term contracts that are generally for periods of one year or more. As of September 1, 2009, approximately 83% of its barrel-carrying capacity was double-hulled. As of September 1, 2009, all of its tank vessels, except two, operated under the United States flag, and all but three were qualified to transport cargo between United States ports under the Jones Act.

This company deals with financially solvent and profitable companies, so the reason for the marked price drop, other than an analyst downgrade appears overdone. This company is now on my watch list for a real purchase with a low limit order.

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Recs

0

 (KSP)

Avatar tobyg74 (64.53) Submitted: 1/28/10 10:59 AM : Outperform Start Price: $10.80 KSP Score: -17.19

yo

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Recs

0

 (KSP)

Avatar Schups (49.12) Submitted: 1/03/10 3:43 PM : Outperform Start Price: $11.81 KSP Score: -20.90

Interesting business

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Recs

1

 (KSP)

Avatar LOTEK1 (< 20) Submitted: 1/03/10 2:53 PM : Outperform Start Price: $11.81 KSP Score: -20.90

I'm new to CAPS, but not to investing / trading energy related equities. My "pitch" for KSP is the same as for CPLP, except with 2 1/2% less dividend yield. I believe in the oil / natty complex for the long haul, but am tired of traders doing the dump and run. I can sit around with a 17% dividend a long time.


KSP has risks, for sure. I like what the principles have to say on thier web-site about the risks; I also like the fact that insiders are buying shares recently. (money where mouth is)

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Recs

0

 (KSP)

Avatar unlearned (< 20) Submitted: 11/15/09 10:15 PM : Outperform Start Price: $11.33 KSP Score: -19.47

As long as we need heating oil or gas for our cars this company will be safe. It works with some of the largest oil companies lugging over 150 million barrels of oil last quarter. It has reduced its fleet last quarter and has seen demand increase over the past two quarters, The company is now profitable, and should be able to hold through next year.
With some of it's clients purchasing and researching algae fields for the alternative green fuel. The algae fuel will still need to be transported by someone and who better then the company that they already work with.
The company cut its dividend and the stock tanked, which now makes the yeild over 16%. This price will not last.

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Wall Street

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TrackJimCramer < 20 04/22/08 Outperform 3W $27.99-68.56%-19.39%-49.17
TrackCitigroup 85.92 11/28/07 Outperform NS $28.11-68.70%-22.09%-46.61
TrackCLKing < 20 10/26/07 Outperform NS $29.97-70.63%-26.38%-44.25
TrackLehmanBros 85.06 05/01/07 Outperform NS $34.06-74.16%-23.36%-50.80

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