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Shipping without the pirates

Jan. 25, 2011 4:41 PM ETTRBR
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Long Only, Momentum, Portfolio Strategy

Seeking Alpha Analyst Since 2009

Jim Van Meerten writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended post-baccalaureate and graduate courses in Business Administration, Quantitative Math, and Education at Florida Atlantic University, Georgia State University and University of North Carolina at Charlotte. In the past he has been an accountant, attorney, adjunct professor in Business Law, Accounting and Internal Auditing, financial advisor, supervisory principal, and compliance officer. He also passed the Georgia CPA Exam, the Certified Internal Auditor Exam, and the FINRA Series 7, 24 and 9/10 exams.He is presently also a contributor on MSN Top Stocks Blog, Motley Fool and is a member of the M100 on Marketocracy, an elete honor chosen by the editors of Marketocracy as being in the top 100 portfolio managers of over 100,000 portfoiios they review. He would enjoy hearing your comments at JimVanMeerten@gmail.com.

This afternoon I added Trailer Bridge (TRBRto the Barchart Van Meerten Speculative portfolio.  Headquartered in Jacksonville, Florida, they are an integrated trucking and marine freight carrier that provides truckload freight transportation primarily between the continental U.S. and Puerto Rico. The company combines an efficient and dedicated motor carrier with a low cost barge and tug marine transportation system. Trailer Bridge is the only company serving markets governed by the Jones Act which exclusively operates marine vessels fully configured to carry 48' and 53' long, 102`` wide, ``high-cube`` trailers.

I found the company while screening on Barchart for low priced stock hitting new highs.  The stock hit 15 new highs and is up 38.43% in just the last month.  The momentum has given it an 80% Barchart technical buy signal and a rising Relative Strength Index of 75.59%.  It trades around 3.57 with a 50 day moving average of 3.02.

The one Wall Street brokerage analyst that follows the stock rates it a strong buy for his firms clients, with a forecast for slightly higher sales and earnings in the near future.

As few investors have found this stock and the CAPS members on Motley foll vote 14 to 2 that the stock will beat the market, with the All Stars in agreement 4 to 1.

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.
Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio. 

Disclosure: I am long TRBR.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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