Star Bulk Q1 Earnings Results Show The Stock Is Still Undervalued

William Meyers
7.5K Followers

Summary

  • Star Bulk Carriers' Q1 revenue was $361 million, up 80% y/y.
  • The dividend for the quarter was declared at $1.65.
  • SBLK stock is undervalued as shipping rates should stay high into the middle of the decade.
Large red cargo ship loading

InfinitumProdux/iStock via Getty Images

Star Bulk Carriers (NASDAQ:SBLK), like many of the dry bulk ocean shipping companies, has been on a roll for almost two years now. Back in May of 2020, when the pandemic was just getting underway, you could buy Star Bulk stock in the $5

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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