Excel Maritime Carriers, Ltd. (EXM)

Excel Maritime Carriers EXM has been in a nasty downtrend due to an oversupply of ship carriers and a large decrease in the Baltic Dry Index.  This one I believe is a big value play for the future.  EXM has a book value of around $20/share.  They have gross margins above industry average, and profit margins of 37%.   I think in the near term, if the top channel of the downtrend can be broken this stock should be worth around $8/share.  It's 2009 low of $3/share is where i will be looking for support and a bounce to the upside.  EXM is definitely a watch list stock to add!

via StockCharts.com
"