Star Bulk Carriers (NASDAQ:SBLK)

Zacks Rank 3-Hold, Recommend Neutral, Industry Rank 114 / 265, Avg target of 2 analysts NA
- Short Interest Ratio: 1.20 %
- Est Revision Ratio: Up 5 vs 2 Down

This deal with it's creditors is horrible.
Besides kicking the debt can down the road.
They have an increase in interest.
A Cash sweep of all profits to the banks.
And they have to raise $30 million, probably by selling shares.

The stock is highly admired in its native country. Compared to its peers, it is trading for literally nothing. Before sub-prime crises it was trading for as high as $10. Its current assets are valued at much higher than the current market cap.

I sense the force is strong with this one.

70m market cap with a 30m share repurchase plan

Too cheap

Below liquidation value. Possible buyout candidate.

Poor timing of the recent stock issue caused a particularly bad dip in the price. Surprise will wear off and price will recover somewhat.

The recent fall in price may be bad for you if you are already heavily invested in the stock, but if you haven't been in it before now it might be a good time to pick up some shares at a discounted price. It might even be a good time for those already invested in the company to bring their cost average down by purchasing a few shares at the lower price to offset some of the losses. The biggest part of the drop recently was more to do with the recent sale of shares than it was to do with the company's prospects going forward. The dry bulk shipping business is still hurting, but that situation won't last forever as economies continue to recover and exports increase globally.

Part of my diversified dividend focused portfolio.

Well run shipping company, very conservative will do better in the bad times, but will be average in the great. Glut of new ships on the market, so the purchase of the two capesize vessels recently is a bonus for 2011, 2012 especially. Everyone forgets the 7% dividend when they mention this stock, drives me crazy. Just bought another 200 shares to add to my 2000.

buy now, ok stock.

When economy recovers this will be a good stock

Good yield at attractive entry price

Have always liked this company. Made some money on it before with the market correction. At least 50% gain then for it being undervalued.

Will be playing that card again, because I know this company is solid.

Creeping toward $4

Purchased shares at 2.89. Dry Bulk shipping play for long run upturn in the industry. Company is small and has far less debt than others in sector. Currently paying small dividend.
Disclosure long SBLK

dry freight.

Possible end for me late fall or early winter 2010. This stock tended to trend up during these times in 2009.