ST. LOUIS, Dec. 6, 2011 (GLOBE NEWSWIRE) -- Murphy Analytics (MA) has initiated coverage on Winland Ocean Shipping Corp. (OTCBB:WLOL). The Initiation Report contains a detailed discussion of WLOL's current and planned business operations, market dynamics, macroeconomic data and indicators, financial results, potential cash flows, and risks. The Initiation Report is available at: http://www.murphyanalytics.com/uploads/WLOL_Initiation.pdf.
Analyst Patrick J. Murphy, CFA notes in the report: "With the addition of two new vessels and the disposition of two older vessels in Q3 11, WLOL reduced the average age of its fleet and added to its capabilities in its target market – handysize to supramax cargo… In the longer term, based on what Murphy Analytics (MA) assumes to be clear and inevitable macroeconomic trends, MA expects revenue, profitability and valuation metrics to improve for the bulk shippers. Given the Company's track record, capacity and fleet condition, MA expects WLOL is on the path to returning to its 2008 performance during which it generated $19.1 million in net income on $84.2 million in revenue."
About Murphy Analytics
Murphy Analytics is an independent investment research firm providing coverage of microcap and smallcap stocks. Utilizing institutional caliber, fundamental, bottom-up analysis, Murphy Analytics helps investors make informed investment decisions about equities without extensive analyst coverage, with a focus on small-cap and micro-cap public stocks. Murphy Analytics LLC is owned by Patrick J. Murphy, who has over 15 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT's.
Disclosure: MA was paid $5,000 by the Company in advance of the publication of this report and the Company has agreed to pay another $5,000 to MA in advance of the publication of one update report. Neither MA nor the analyst owns or trades the shares of covered companies. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. MA provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. This report is neither a solicitation to buy nor an offer to sell securities and is to be used for informational purposes only and should not be used as basis for investment decisions. MA is not an investment advisor or broker/dealer and this report does not provide investment advice.