Star Bulk: Still A Great Way To Bet On A Robust Dry Bulk Market [Seeking Alpha]
Star Bulk Carriers Corp. - Common Shares (SBLK)
Last star bulk carriers corp. - common shares earnings: 2/19 05:44 pm
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US:NASDAQ Investor Relations:
starbulk.com/en/investor-relations
Company Research
Source: Seeking Alpha
In 4Q23 the company achieved a composite $18,296/day TCE. It is lower by 6.6% than 4Q22, although it is 15% higher than the FY23 average TCE. SBLK/EGLE merger is expected to close in 1H24. The next step is the EGLE special meeting held on April 05, 2024, to vote on the merger proposal. I own SBLK shares, so my verdict remains unchanged. I give the company a buy rating. Note: I previously covered Star Bulk Carriers ( NASDAQ: SBLK ). My previous article discussed the company's strengths, such as excellent solvency and liquidity metrics, revenue structure utilizing time charters and voyage charters, and fleet quality. I also pointed out supply chain disruptions and rising major bulk demand as tailwinds for dry bulk shipping. This article dissects SBLK fleet changes, FY23 financial results, and updates company's valuation. Introduction Star Bulk Carriers remains an excellent option for gaining exposure to bulk carriers. The company benefits significantly from the rising demand
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News
- Is Star Bulk Carriers (SBLK) a Buy as Wall Street Analysts Look Optimistic? [Yahoo! Finance]Yahoo! Finance
- Star Bulk Carriers (SBLK) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
- Star Bulk Carriers (SBLK) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Star Bulk Completes Merger With Eagle BulkGlobeNewswire
- Star Bulk Carriers (SBLK) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
SBLK
Earnings
- 2/12/24 - Beat
SBLK
Analyst Actions
- 2/14/24 - Stifel
SBLK
Sec Filings
- 4/12/24 - Form SC
- 4/12/24 - Form 144
- 4/9/24 - Form S-8
- SBLK's page on the SEC website