Star Bulk Carriers (SBLK)

I was intrigued by CAPS praise for SBLK so I did a little research. It appears to be a strong company poised for growth when the economy recovers (whenever that will be). In the meantime, their corporate fact sheet suggests to me that while cash on hand and forward contracts will keep the company afloat during these down times, neither of these assets are going to generate impressive profits for shareholders in the short term compared to many other better investments one can find. Other investors are probably reading the same numbers the same way and that may explain why SBLK's share price continues to fall despite what seem to be eminently investable numbers on the surface. Their incredibly low PE is backward looking and will probably change very quickly when the recent very low and no earnings quarters catch up with tardy number crunchers. The fact sheet also reveals that future dividends are subject to approval by SBLK's creditor. The current "best pitcher" for this stock is -22% with their choice and eight of the top ten CAPS SBLK scorers have earned their highest scores giving SBLK a thumbs down. SBLK will be a fine play in the long-run (whenever that is), but my assessment is that it will continue underperforming in the short-term. Good luck to all.