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StealthGas Inc

StealthGas Inc (GASS)

5.94
0.02
(0.34%)
Closed March 29 04:00PM
5.98
0.04
(0.67%)
After Hours: 07:59PM

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Key stats and details

Current Price
5.94
Bid
5.99
Ask
6.20
Volume
47,529
5.8993 Day's Range 6.005
2.60 52 Week Range 7.98
Market Cap
Previous Close
5.92
Open
5.94
Last Trade
1
@
5.99
Last Trade Time
Financial Volume
$ 283,258
VWAP
5.9597
Average Volume (3m)
193,884
Shares Outstanding
38,490,000
Dividend Yield
-
PE Ratio
6.65
Earnings Per Share (EPS)
0.89
Revenue
152.76M
Net Profit
34.25M

About StealthGas Inc

StealthGas Inc is an international shipping transportation company. It owns liquefied petroleum gas (LPG) pressurized carriers and provides international seaborne transportation services to LPG producers and users, as well as crude oil and product carriers to oil producers, refineries and commoditie... StealthGas Inc is an international shipping transportation company. It owns liquefied petroleum gas (LPG) pressurized carriers and provides international seaborne transportation services to LPG producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders worldwide. The company carriers carry various petroleum gas products in liquefied forms, such as propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas. Show more

Sector
Deep Sea Frn Trans-freight
Industry
Deep Sea Frn Trans-freight
Headquarters
Athens, Attica, Grc
Founded
1970
StealthGas Inc is listed in the Deep Sea Frn Trans-freight sector of the NASDAQ with ticker GASS. The last closing price for StealthGas was $5.92. Over the last year, StealthGas shares have traded in a share price range of $ 2.60 to $ 7.98.

StealthGas currently has 38,490,000 shares outstanding. The market capitalization of StealthGas is $227.86 million. StealthGas has a price to earnings ratio (PE ratio) of 6.65.

GASS Latest News

STEALTHGAS INC. Reports Fourth Quarter and Twelve Months 2023 Financial and Operating Results

ATHENS, Greece, Feb. 21, 2024 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry...

STEALTHGAS INC. Announces the Date for the Release of the Fourth Quarter and Twelve Months 2023 Financial and Operating Results, Conference Call and Webcast

ATHENS, Greece, Feb. 15, 2024 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international...

Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]

CUSIP No. Y81669106       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     SCHEDULE 13G Under the Securities Exchange Act of 1934...

Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]

    SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549     SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 5)*     STEALTHGAS...

Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 6-K     REPORT OF FOREIGN PRIVATE ISSUER...

STEALTHGAS INC. Reports Third Quarter and Nine Months 2023 Financial and Operating Results

ATHENS, Greece, Nov. 21, 2023 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry...

STEALTHGAS INC. Announces the Date for the Release of the Third Quarter and Nine Months 2023 Financial and Operating Results, Conference Call and Webcast

ATHENS, Greece, Nov. 15, 2023 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS) (the “Company”), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international...

Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]

    SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549     SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4)*     STEALTHGAS...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.25-4.038772213256.196.2055.72012222845.84624979CS
4-0.28-4.501607717046.226.365.72011453416.02488506CS
12-1.06-15.142857142977.985.72011938846.8145005CS
260.9218.32669322715.027.984.7352230566.30453585CS
523.26121.6417910452.687.982.62350495.21795808CS
1562.9598.66220735792.997.981.90751969903.81741548CS
2602.467.79661016953.547.981.511443063.62914991CS

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GASS Discussion

View Posts
TrendTrade2016 TrendTrade2016 2 months ago
GASS..... ONE OF THE BEST LONGS OF 2023 AND STILL TRENDING FROM ORIGINAL CALL!
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TrendTrade2016 TrendTrade2016 3 months ago
GASS LONG TERM INVESTMENT PAYING OFF NICELY FOR OUR TEAM...SHIPPING SECTOR IS HOT FOR 2024
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tigerpac tigerpac 3 months ago
Guess I was wrong as not only did they purchase 3.9 million shares, they expanded the buyback by $10 million. Although a piece of me thinks the buyback was done so the executives could exercise some of their then out of the money options and sell them (as inter-related company transactions are commonplace).

These shipping companies tend to issue shares when the stock price is high and then buyback when the prices are much lower. Akin to shorting your own stock.

Let see if that trend continues or if the leopard has actually changed its spots.
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tigerpac tigerpac 7 months ago
Love the analyst on the conference call who asked Harry the question:

“What is the current plan to destroy shareholder value as you did with Imperial Petroleum?”

A: Next question….
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tigerpac tigerpac 8 months ago
No way the CEO will do a $15 million stock buyback as claimed in the most recent financials dated 3/31. As of 8/1 it hadn’t happened and the odds are more likely he would do a direct offering instead to raise cash and dilute common shareholders….just like he did to his other company, IMPP.
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TrendTrade2016 TrendTrade2016 9 months ago
GASS what a beast
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TrendTrade2016 TrendTrade2016 9 months ago
GASS A CHRTIST WET Dream!
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TrendTrade2016 TrendTrade2016 9 months ago
GASS IS READY TO PUT ITS FOOT TO THE METAL AND ITS FOUR BARREL CARB IS ABOUT TO IGNITE THE GASS PEDAL.
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bowlfan912 bowlfan912 2 years ago
Crazy while impp is tanking
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diskman diskman 2 years ago
$GASS looking very good
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bowlfan912 bowlfan912 2 years ago
You'd think impp would follow and be green too
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diskman diskman 2 years ago
Ready to explode next week
$IMPP $GASS
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TrendTrade2016 TrendTrade2016 2 years ago
GASS...sister company of IMPP...a cash cow!!!
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tdeck tdeck 2 years ago
Yep, told ya.
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TrendTrade2016 TrendTrade2016 2 years ago
GASS next runner
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OldJames OldJames 2 years ago
I’m watching…quietly
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pete807 pete807 3 years ago
Yup and we who hold it can own this board as your post is the only one for 5 months. Folks must be too busy playing the pennies, lol.

Let me add to the discussion as you know I like to pull my weight as the resident sled dog.

Did you hold the core as I suspect?

I added $GASS to my list of winners.

3091 free shares left and $1436 in the bank.

This is post #15 in almost 10 years. Sometimes I like being under the radar on Ihub.
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Swampdude Swampdude 3 years ago
GASS is on the move up with higher highs and higher lows. Chart looks good with indicators all turned up and they are adding ships with shipping rates at all time high. Gotta love it.
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whytestocks whytestocks 4 years ago
Breaking News: $GASS STEALTHGAS INC. Reports Second Quarter and Six Months 2020 Financial and Operating Results

ATHENS, Greece, Aug. 21, 2020 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the second quarter and...

Got this from GASS - STEALTHGAS INC. Reports Second Quarter and Six Months 2020 Financial and Operating Results
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whytestocks whytestocks 4 years ago
News: $GASS STEALTHGAS INC. Reports Third Quarter and Nine Months 2019 Financial and Operating Results

ATHENS, Greece, Nov. 21, 2019 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the third quarter and ...

In case you are interested GASS - STEALTHGAS INC. Reports Third Quarter and Nine Months 2019 Financial and Operating Results
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whytestocks whytestocks 5 years ago
News: $GASS STEALTHGAS INC. Reports First Quarter 2019 Financial and Operating Results

ATHENS, Greece, May 23, 2019 (GLOBE NEWSWIRE) -- STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the first quarter ended...

Got this from https://marketwirenews.com/news-releases/stealthgas-inc-reports-first-quarter-2019-financial-and-operating-results-8235466.html
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ospreyeye ospreyeye 10 years ago
GASS: MA(50) Golden Cross MA(200) radar..........$$$
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pj McMulligan pj McMulligan 10 years ago
Weekly pincher patterns riding above Ichimoku cloud with 32DMA breakout with increasing vol plus very nice expansion on the 200daily breakout.. should be good for some more mojo hombrino~ Good eye buddeh! B-)





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ChartPoP ChartPoP 10 years ago
I think it goes higher from here pj...

What do you think? tia
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Tommy Tommy 11 years ago
$GASS - StealthGas: From Bargain Bin To High Stock Growth Potential

http://seekingalpha.com/article/1462211-stealthgas-from-bargain-bin-to-high-stock-growth-potential

... "Balance Sheet/Cash Flow

The company ended the first quarter with $52 million in total cash and $300 million in total debt. For 2012, the operating cash flow was $48 million. This was an increase over $42 million in 2011 and $28 million in 2010. The new catalysts for the company should help improve upon these figures going forward.

The Risks

The continued exposure to Greece is a risk-factor for StealthGas. However, the European Union has implemented a debt restructuring plan for Greece. This plan, known as the Private Sector Involvement, wrote-off $100 billion of debt. The European Union remains committed to avoiding a default. Nevertheless, the company's exposure to Greece remains on the backburner for the company.

Earnings Growth Expectations

StealthGas is expected to grow earnings at 4.2% this year and 25% next year. This puts a tangible number on the catalysts mentioned above for the company. The six analysts covering the company have an average one-year price target of $13.90. This represents a 43% increase over the current price of $9.70. I think that this is a realistic price target due to the current deep undervaluation and positive conditions facing the company. ...
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ChartPoP ChartPoP 11 years ago
Good post. lol...
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ChartPoP ChartPoP 12 years ago
Nice post!...

Going higher imo
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Penny Roger$ Penny Roger$ 12 years ago
~ Monday! $GASS ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $GASS ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=GASS&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=GASS&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=GASS
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=GASS#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=GASS+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=GASS
Finviz: http://finviz.com/quote.ashx?t=GASS
~ BusyStock: http://busystock.com/i.php?s=GASS&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=GASS >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
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ChartPoP ChartPoP 13 years ago
Weekly chart looks pretty good here!
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beano23 beano23 13 years ago
PJ bring me on this is way undervalued and i would love to mod with ya. Love the chart, love the financials and just bounced out of VALV to be here after my scan. VALUE, VALUE, VALUE, with a smart team rollin' the show is what i'm about. 4.56 or whatever this closed at are you kiddin' me.........
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pj McMulligan pj McMulligan 13 years ago
Stealth Gas Seeking Alpha Article:

Stealth Gas: An Unnoticed Market Leader

Our most recent article on Stealth Gas Inc. (GASS) illustrated how the company was undervalued on a net asset value basis. Throughout the economic crisis, the fundamentals of not only Stealth Gas but also the Liquefied Petroleum Gas (LPG) Handysize shipping sector (3,000-8,000 cubic meters (cbm) vessels) remained favorable and should continue to strengthen. With a 13.5 percent market share and an average vessel age of 10.9 years for its LPG carriers (the youngest age in the Handysize segment for a fleet this size), we believe Stealth Gas will profit considerably from anticipated rising charter rates.
Stealth Gas is a Marshall Islands-incorporated, vessel-owning company primarily serving the LPG sector of the international shipping industry. The company has 35 Handysize LPG carriers with a total capacity of 168,097 cbm, three Medium Range product tankers, and one Aframax oil tanker. The average size of its LPG vessel is 4,619 cbm. The company is focused on transporting small quantities of LPG into niche markets.
Handysize LPG carriers typically avoid trade routes dominated by very large gas carriers, as from the Middle East to Japan or North America. Instead, these smaller vessels concentrate on moving products on shorter routes, as from Singapore to Malaysia, Indonesia, the Philippines, Vietnam, or China. Stealth Gas vessels also transport LPG along coastal areas, such as Brazil or Australia, and where it is uneconomical or simply impossible to accommodate larger gas carriers, as in shallow ports or river ways.
LPG vessels and ports require special crews and equipment to transport LPG in either its gas or liquid form. Additionally, the quality of these vessels varies from one manufacturer to another, with many of the leading LPG shipbuilders located in Japan. These characteristics limit the ability of large shipping companies with access to capital markets, or financial investors investing directly in LPG vessels, to acquire quality vessels and find skilled crews. Over the past 10 years, the industry did not witness a speculative boom in its orderbook of new builds, as was the case in the dry bulk, tanker and carrier markets (see graph 1). The fairly flat number of vessels operating in the LPG market, and in the Handysize LPG market in particular, has caused charter rates to remain relatively stable throughout the economic downturn and is leading to even stronger rates today (see graph 2). The newbuild orderbook for the Handysize LPG segment is flat in 2011. The lower right corner of graph three demonstrates that the change in the supply of Handysize LPG carriers becomes negative over the next two years. (Graphs were provided courtesy of Stealth Gas, Inc.)
[Click all to enlarge]
LPG is a byproduct recovered from refining natural gas and crude oil. It consists primarily of propane and butane. Both products are gaseous at room temperatures and liquid when cooled. LPG is used throughout the world in many different applications, providing clean, affordable energy for domestic, commercial, agricultural, and automotive consumers. According to Ken Otto of Purvin & Gertz, an independent energy consultancy firm, worldwide LPG consumption has increased by an average of 2.4 percent annually since 2000 to over 250 million tonnes in 2010 and is expected to reach 270 million tonnes in 2012. Additionally, the World LP Gas Association estimates that LPG emits about 15 percent fewer greenhouse gasses than heating oil and 50 percent less than traditional electricity sources. We would expect to see further growth in LPG supply as natural gas production expands worldwide.
Stealth Gas creates value by chartering-out vessels to either large integrated oil companies such as Shell (RDS.A), or major energy trading companies such as Petredrec and Vitol. Stealth Gas charters out its vessels either in the spot market or on time or bareboat charters. Bareboat charters offer the least risk, as Stealth Gas is not responsible for any expenses or liabilities, such as maintenance, associated with operating the vessel; with a time charter, Stealth Gas pays for vessel operating expenses, which include crewing, maintenance, insurance, stores, etc. Finally, in the spot market, Stealth Gas is responsible for all voyage costs, including bunker fuel and port expenses.
The company has strategically staggered, both by time and charter type, the employment of its LPG vessels. It has all of its product and crude tankers on longer-term bareboat charters. This staggered approach to fleet management means that vessels will be coming off charters at different times and ensures relatively predictable cash flows for roughly two-thirds of the vessels over the next 12-24 months. Fortunately for Stealth Gas, vessels in the spot market as well as those coming off of time charters in the near term will be able to take advantage of today’s rising time charter equivalent (TCE) rates.
At present, a 3,200 cbm semi-refrigerated LPG vessel can be time chartered-out for nearly $10,700/day. Stealth Gas announced in May that it chartered a 1996-built 5,014 cbm vessel, a 2003-built 5,000 cbm vessel, and a 1996-built 3,517 cbm vessel for an average TCE rate of approximately $10,000/day.
The value of each vessel in Stealth Gas’ fleet is a function of TCE rates (which translates into bareboat rates), operating and management costs, depreciation, utilization rate, capitalization rate, interest rate, and leverage. As previously noted, a bareboat charter is the amount a vessel owner earns when chartering out vessels without responsibility for operating charges. The only expenses that affect an owner who puts the vessel on a bareboat charter are depreciation, interest, and management fees (usually paid to a third party manager to find charterers). Once a buyer establishes his required return on investment, borrowing rate, and leverage ratio, he can work backwards to determine the value of his vessel.
After valuing each ship, Stealth Gas becomes a sum-of-the-parts equation. Stealth Gas currently has approximately 11 LPG vessels around 5,000 cbm; six LPG vessels greater than 6,000 cbm; 10 LPG vessels around 3,500 cbm; four 4,000 cbm LPG vessels; one tiny 1,320 cbm LPG vessel; three Medium Range product tankers; and one Aframax crude tanker. Additionally, it has one 5,000 cbm newbuild LPG vessel scheduled for delivery this month and two 7,500 cbm LPG vessels scheduled to be delivered in 2012. Throughout the economic crisis, Handysize LPG vessels maintained their value because TCE rates remained stable. Under current market conditions, the value of these vessels should increase as charter rates strengthen. Further, upon receiving the product and crude tankers, Stealth Gas immediately put these vessels on long-term bareboat charters, extending to 2015 for two of its product tankers and its Aframax crude tanker.
Since the value of Stealth Gas’ LPG vessels has not fluctuated erratically over the last three years and management prudently put its product and crude tankers on longer-term bareboat charters, today’s large discount to its estimated NAV provides investors with a substantial margin of safety. Even in a difficult rate environment, a private owner of this company could sell all of the vessels, pay off debt, and walk away with considerably more than the current $90 million market capitalization.
During a recent conversation with the CEO, Harry Vafias, he estimated the liquidation value of the company was in excess of $11/share.
Over the past two years in an environment where many shipping companies saw operating income from vessels turn negative, Stealth Gas remained profitable at the operating level. The company’s sporadic quarterly losses stemmed from onetime events. For example, in 2009 the company cancelled the delivery of a Medium Range product carrier and consequently forfeited a $5.75 million deposit and incurred a $10.75 million cancelation fee. Additionally, over the past two years, the company recognized losses of $11.5 million on derivative contracts. In 2010, Stealth Gas paid an extra 2 to 3 percent in interest to convert half of its floating debt to fixed rate contracts. We believe, however, the company wisely hedged a substantial portion of its interest rate risk. In a rising interest rate environment, these losses should reverse themselves. Finally, as of December 31, 2010, the company hedged JP¥2.7 billion, or approximately $33 million, related to newbuilding construction costs in Japan shipyards against an increase in the yen versus the dollar. We believe Stealth Gas has been conservative, not speculative, and the losses it recognized are not indicative of its true operating capabilities.
Last year, Stealth Gas generated revenue of $111.4 million with gross earnings of $50.4 million on a total of 13,835 voyage days (total days vessels are available for charters). The company had an average of 38.6 vessels, operated at 98.3 percent fleet utilization, and realized an average TCE daily rate of $7,064/day. Cash flow from vessels was $59.4 million. Over the next two to three years, assuming firmer TCE rates -- which are based on the Handysize LPG sector’s newbuild orderbook and scrappage rate (see graph 3) as well as expected growth in demand for the transportation of LPG -- and a stable fleet, we think Stealth Gas can generate over $115 million in revenue and $70 million in gross margins annually. This is a gross profit margin of just over 60 percent.
Stealth Gas achieved similar results in 2008 with average TCE rates of $7,588/day. We expect gross margins to improve more than revenues because the main cost drivers — bunker fuels and labor expenses — should not rise as fast as charter rates. Further, we expect additional vessels to move from spot market employment to either time or bareboat charters in the future. This action will reduce the amount of voyage and operating costs associated with each vessel in the fleet.
Stealth Gas is headed by an ambitious and aggressive CEO who has a hands-on approach and knows the minutiae of buying, selling, and operating vessels. Vafias has personally bought or sold more than 220 vessels, a record in his home country of Greece. To appreciate Vafias’ trading acumen, consider one of his first trades. At the age of 20, he bought a 19-year-old Panamax oil-bulk-ore (OBO) carrier on the open market. Senior industry professionals told him not to do so because it was risky and no charterers at the time wanted OBOs. Vafias put in a low bid of $2.5 million. He was the sole bidder and thus bought the vessel. It was vetted and then chartered out for six months for $18,000/day as a double-hull Panamax crude tanker. Vafias sold the vessel for $5.5 million nine month later, netting a 250 percent return. Vafias also has the discipline not to buy into an overvalued market. He has bought vessels when rates were lower and then sold them once rates recovered. In the mid-2000s he abandoned the very large crude carrier segment in order to focus on the Handysize LPG sector and take advantage of the low volatility of charter rates. Vafias is willing to take risks when buying vessels; nevertheless, he favors having longer-term time charters for vessels before they hit the water—something, we suspect, more shipping companies wish they had done three years ago.
With strong fundamentals in the Handysize LPG carrier sector and skilled management, we believe Stealth Gas’ true value will be recognized by the market. The open question is when. We suspect the market will not be able to ignore Stealth Gas’ growing asset base and large free cash flows for much longer, particularly as more vessels are re-leased at today’s higher rates. Vafias stated that at the current share price he would not issue shares and dilute current shareholders. Vafias personally owns 20 percent of the company’s outstanding shares; thus his interests are aligned with other shareholders. He also stated with the share price below $5.00 he may buy back stock. Stealth Gas is willing to sell older vessels should the opportunity arise. We think Stealth Gas will use the free cash flow from operations and vessel sales to purchase newer Handysize LPG vessels and/or opportunistically invest in a related segment of the shipping industry. We think as investors begin to appreciate the improving economics and operating leverage of the Handysize LPG shipping sector during a rising rate environment the share price will more closely reflect the company’s intrinsic value.

Disclosure: I am long GASS.
This article is tagged with: Long & Short Ideas, Long Ideas, Services, Shipping, Editors' Picks, United States
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