I have posted many places about MCX (MC Shipping), but never gave them their own thread, so here it is.  From Yahoo! Profile:

MC Shipping Inc. is engaged in the business of investing in, owning and operating second-hand vessels. As of December 31, 2004, the Company's fleet included seven liquid petroleum gas carriers, four containerships and two multipurpose seariver vessels. Each of the Company's vessels is owned by a separate wholly owned subsidiary of the Company. The Company employs its vessels on time charter, bareboat charter or spot charter. With time charters, the Company receives a fixed charterhire per on-hire day and is responsible for meeting all the operating expenses of the vessels. In the case of bareboat charters, the Company receives a fixed charterhire per day for the vessel and the charterer is responsible for all the costs associated with the vessel's operation during the bareboat charter period. In the case of voyage charters, the vessel is contracted for a voyage between two ports: the Company is paid for the tonnage transported and pays all voyage costs.

The company just underwent a restructuring last quarter of 2004.  They are under new management under Navalmar which deals in cargo vessels.  They have turned the company around in the past 6 months and the stock is up 127% as of this posting ($8.90 May 16, 2005 from $3.92 January 3, 2005).  They have shown an agressive growth strategy with ship acquistions and joint ventures.  They have recently started giving dividends.  Although small ($0.25/year), it is a big step for the company.  Navalmar has been agressively purchasing more shares as well: http://biz.yahoo.com/t/04/5018.html

Looking forward, oil tankers are going to be in short supply. The demand for oil is increasing and the number of oil tankers being built cannot keep up with demand, therefore prices and charter rates are going to increase.  On top of that, Navalmar is seeking to privatize the company down the road, which means shares will be purchased at a premium.  The past two earnings statements have caused the stock to gap up $1.81 (33%) and $1.27 (16%), respectively.

MCX has not announced when they intend to announce earnings either.  They will tell you however if you email investor relations when earnings will be announced, so you can buy a boatload (marginable, too) right before earnings and cash in.  For long term holding, this stock is attractive as well.  Current market cap is $78 million with an enterprise value (May 16, 2005) of $113 million (up $11 million after last earnings release) which makes this a good value stock.

Looks interesting

http://www.mauitrader.blogspot.com/

JoshuaNControl has posted MCX as a long swing trade.  The stock was up 3 cents and is inching towards the 52 week high.  I'm not sure what he is looking at since every indicator I can find shows the stock is overbought, but he seems to know his stuff so lets see what happens.

Long Swing Trade Buy @ 9.21 (05/26/05)

*Edit:

Now I see why.  Stock set a new high intraday today at 9.77 and pulled all the way back to 9.21 late in the day.  I'm guessing we'll see a rally in the next few days with Memorial day weekend and oil prices.

I am not buying this due to lack of free cash, but I do think this will see $10 tommorrow.  It had a new 52wk high + rising oil prices + Memorial day weekend coming up.  I think you will see a lot of buying tommorrow.

MCX is now up 255% YTD.  Earnings will come in August.  I want to get in just before and sell the good news.  I will let you all know when earnings are coming once I find out.