Star Bulk Carriers: Still Has Room To Grow

Iakov Fatianov
574 Followers

Summary

  • The company's revenue increased by 51.2% compared to Q1 2020 and exceeded analysts' expectations for the last three consecutive quarters.
  • SBLK's stock was down -19,8% over the last month, while the Baltic Dry Index is setting new highs.
  • We will likely see further improvement in the dividend yield up to 10%. This should attract new investors.
Грузовой корабль в гавани на закате.
primeimages/E+ via Getty Images

Investment thesis

Star Bulk Carriers (NASDAQ:SBLK) is undervalued compared to peers in the Marine industry by more than 20% on average. In my opinion, the company's shares have the potential to reach $25 soon due to solid demand for dry bulk commodities, improved financial

This article was written by

574 Followers
I work as a financial analyst and specialize in the analysis of telecom and IT companies. In my spare time, I search for undervalued companies on the stock markets. Feel free to contact me if you have any questions or suggestions. I am also open for new opportunities.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SBLK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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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