+ Watch SB
on My Watchlist
A profitable little Greek drybulk shipper that looks cheap.
I dunno, #'s just look funky to me.
Uncomfortably high debt level but 60+% insider ownership and very healthy quick ratio more than make up for that.
Jesse Stine & dry bulk demand rising and supply (ships) falling. Industry has finally bottomed?
Good cash management by execs, industry should do well as economy recovers
Current Price $3.88P/E Ratio 3.64Div. (Yield) $0.20 (5.1%)52-Wk Range $3.12 - $7.73Shipping industry has taken a hit during the recession, but this company is still looking pretty good.
Headquarters Athens Grease Market Cap $2254.5 M trailing 12 M revenue past 3 yr 42.3% cash/debt $ 121.6M /$617.0 m Div 6.2%
SB continues to act prudently in regard to managing cash. They hold enough cash to make the payments on their new ships, and have reserve to commission additional ships moving forward. China is seems to be recovering from their slowdown, and tonnage of dry bulk is moving up slightly.SB is in a great position to increase revenue in the short and long term, and to drive increased revenue to the bottom line.
100% Sell Signal
safety first; they play it close to the vest.
The dividend alone makes this juicy over time.
best of breed bulker with good clients. stayed diciplined during good times now will reap the rewards.
SB will pick up once the world recession will be improving.
They have a strong balance sheet (currently, book value around 5 USD, so P/BV only 1.35). They also have a significant part of the fleet contracted for several years on good rates.
I think moving forward with the global economy on an uptick, despite the EU, this company is well situated to take advantage of all the natural resources China is going to need. As well as the amount of grain these guys ship, I mean the world has to eat right? Look for these guys to start picking up steam in the year ahead. (Opened a $7,000 position. Long.)http://www.imdb.com/name/nm2563717/
This stock is incredibly cheap right now. I believe it has been strongly oversold this year. The dividend has been consistent, and is quite high right now. Short interest in the stock is the lowest it has been, and is quite low for this sector. (I've been bitten twice by ignoring this. Can any one say FSLR and GMCR???) As of today, it is running around 9.5% dividend. I believe there is strong potential for upside. I'm opening a small $2K position today, since the entire market is down, and am going long.
Seems to be an undervalued pick in a battered industry. 60% insider holdings.
Shipping will pick-up within a year. New ships coming on-line creates economic savings. Solid customer base.
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