Eagle Bulk Shipping A Strong Buy For Profits And Dividends

William Meyers
7.5K Followers

Summary

  • Eagle Bulk Shipping is enjoying the same high shipping rates as the rest of the industry.
  • Revenue and profits have soared in 2021 and 2022.
  • Eagle remains undervalued and is a Strong Buy at current prices.
Cargo ship with cranes offloading dry bulk to dump trucks

landbysea/E+ via Getty Images

Eagle Bulk Shipping (EGLE) owns a fleet of 53 dry bulk ships focused on the Ultramax and Supramax segments. It reported first quarter results on May 6 that were quite impressive. However, the demand for bulk ocean shipping is high, and rates

This article was written by

7.5K Followers
I provided stock and bond research and analysis to a small cap specialist investor, Lloyd Miller, from 2002 until his death in January 2018. For my own account I invest mainly in technology and biotechnology stocks. My technology and investment web site is openicon.com, where readers can view the notes I take to make decisions and to write articles for Seeking Alpha.

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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