FreeSeas Inc. (FREE) news stock charts
FreeSeas Inc. (FREE) Investment Summary:
FreeSeas Inc., through its subsidiaries, operates as an international dry bulk shipping company. The company transports various dry bulk commodities, including coal, grains, and iron ore, as well as bauxite, phosphate, fertilizers, steel products, sugar, and rice worldwide. As of December 31, 2008, its fleet consisted of seven Handysize vessels and two Handymax vessels. The company was founded in 2004 and is based in Piraeus, Greece.www.freeseas.gr
Founded in 2004
FreeSeas Inc. (FREE:NASDAQ)
LAST $1.20 USD
CHANGE TODAY -0.07 -5.51%
VOLUME 425.3K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of FreeSeas Inc. (FREE)
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OPEN
$1.31
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PREVIOUS CLOSE
$1.27
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DAY HIGH
$1.31
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DAY LOW
$1.18
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52 WEEK HIGH
06/3/09 - $3.55
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52 WEEK LOW
03/23/09 - $0.97
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MARKET CAP
37.5M
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AVERAGE VOLUME 10 D
247.1K
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EPS TTM
$0.31
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SHARES OUTSTANDING
31.2M
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EX-DATE
03/26/09
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P/E TTM
3.9x
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
Key developments for FreeSeas Inc. (FREE)
FreeSeas Inc., Board Meeting, Mar 03, 2010
03/16/2010
FreeSeas Inc., Board Meeting, Mar 03, 2010 Agenda: To approve increase in the size of the Board by one member and approve the appointment of Mr. Keith Bloomfield to fill the vacancy on the board created thereby.
FreeSeas Announces the Addition of Keith Bloomfield to its Board of Directors
03/15/2010
FreeSeas Inc. announced the addition of Keith Bloomfield to the company's Board of Directors, increasing the total size of the Board to six members. Mr. Bloomfield has over 13 years of experience in mergers and acquisitions, corporate law, and wealth management. He is currently the President and Chief Executive Officer of Forbes Family Trust.
FreeSeas Inc. expected to Report Q1 2010 Results on May 24, 2010. This event was calculated by Capital IQ (Created on March 8, 2010).
03/8/2010
FreeSeas Inc. expected to Report Q1 2010 Results on May 24, 2010. This event was calculated by Capital IQ (Created on March 8, 2010).
FreeSeas Inc. financial resources
FREE Competitors
| Company | Last | Change |
| Euroseas Ltd | $4.02 USD | +0.07 |
| Navios Maritime Partners LP | $17.02 USD | -0.29 |
| Paragon Shipping Inc | $4.62 USD | -0.08 |
| Star Bulk Carriers Corp | $2.85 USD | +0.02 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | FREE | Industry Range |
| Price/Earnings | 4.5x |
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| Price/Sales | 0.7x |
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| Price/Book | 0.3x |
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| Price/Cash Flow | 1.6x |
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| TEV/Sales | NM | Not Meaningful |
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FREE |
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FREE transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About FreeSeas Inc.
FreeSeas Announces 2009 Third Quarter and Nine Month Financial Results
2010-01-19 02:01:11
Quote: 2009 Third Quarter Financial Highlights* Operating revenues of $13.1 million, up 5.6% quarter-over-quarter* Net income of $465,000, or $0.02 diluted earnings per share* Adjusted EBITDA of $5.9 million* Cash flow from operations of $4.9 million* 9.4 vessels were operated during the period, generating a timecharter equivalent rate of $14,598 per day2009 Nine Month Financial Highlights* Operating revenues of $43.0 million* Net income of $7.2 million, or $0.31 diluted earnings per share* Adjusted EB...Read article
FreeSeas Announces New Increased Term Loan and Extension of Loan Covenant Waivers; Schedules Release of Financial Results and Conference Call for Its 2009 Third Quarter
2010-01-19 02:01:11
Quote: FREENewsFREEWNewsFREEZNews) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of eight Handysize and two Handymax vessels, announced today the following agreements with its existing lenders:
FreeSeas has reached an agreement for a new secured seven-year term loan of up to $27.75 million from First Business Bank S.A. of Greece ("FBB"). This new loan refinances the Company's existing $21.75 million loan on the Free Impala and provides ...Read article
FreeSeas Announces Extension of FREEW Warrants
2010-01-19 02:01:10
Quote: FREENewsFREEWNewsFREEZNews) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of eight Handysize vessels and two Handymax vessels, announced today that it is further extending the expiration date for its 786,265 outstanding Class W warrants, currently listed under the ticker FREEW, to June 30, 2010 from December 31, 2009. The exercise price per share remains at $2.50.
Each Class W warrant entitles the holder to purchase one share of ...Read article
FreeSeas Announces Higher Daily Rates on New Charters on Five of Its Vessels
2010-01-19 02:01:10
Quote: FREENewsFREEWNewsFREEZNews) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of eight Handysize vessels and two Handymax vessels, announced today new charters for five of its vessels.
Mr. Ion Varouxakis, Chief Executive Officer of FreeSeas, stated, "We are very pleased to report that we have taken advantage of the continued daily charter rate increases for our vessels and improvement in the Baltic Handysize Index, reflecting more fa...Read article
FreeSeas Files Registration Statement to Provide Additional Financing Flexibility
2009-11-28 00:28:59
Quote: FREENewsFREEWNewsFREEZNews) ("FreeSeas" or the "Company"), a transporter of drybulk cargoes through the ownership and operation of a fleet of eight Handysize and two Handymax vessels, announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission ("SEC").
This registration statement will provide the Company with additional flexibility to raise capital, depending on favorable market conditions. This flexibility is currently limited under its previousl...Read article
UPDATE - FreeSeas gets new $27.8 mln loan; shares jump
2009-11-28 00:28:57
Quote: * Says gets new $27.8 mln term loan with FBB * Sees using proceeds to buy vessels* Says FBB, Credit Suisse extend loan covenant waivers* Shares jump 10 pct Nov 12 (Reuters) - Drybulk shipper FreeSeas Inc (FREE.O)
said it secured a new term loan and obtained an extension of
loan-covenant waivers, sending its shares up 10 percent. The
company said the new secured seven-year term loan of up to
$27.8 million from First Business Bank S.A. of Greece (FBB)
refinances the company's existing $21.75 milli...Read article
FreeSeas Announces New Increased Term Loan and Extension of Loan Covenant Waivers; Schedules Release of Financial Results and Conference Call for Its 2009 Third Quarter
2009-11-28 00:28:57
Quote: FREENewsFREEWNewsFREEZNews) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of eight Handysize and two Handymax vessels, announced today the following agreements with its existing lenders:
FreeSeas has reached an agreement for a new secured seven-year term loan of up to $27.75 million from First Business Bank S.A. of Greece ("FBB"). This new loan refinances the Company's existing $21.75 million loan on the Free Impala and provides ...Read article
FreeSeas Announces 2009 Third Quarter and Nine Month Financial Results
2009-11-28 00:28:56
Quote: 2009 Third Quarter Financial Highlights* Operating revenues of $13.1 million, up 5.6% quarter-over-quarter* Net income of $465,000, or $0.02 diluted earnings per share* Adjusted EBITDA of $5.9 million* Cash flow from operations of $4.9 million* 9.4 vessels were operated during the period, generating a timecharter equivalent rate of $14,598 per day2009 Nine Month Financial Highlights* Operating revenues of $43.0 million* Net income of $7.2 million, or $0.31 diluted earnings per share* Adjusted EB...Read article
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