Miro Nenchev
In the last few months, the market condition for bulk carrier companies was not as strong as in the first quarter of 2022. Driven by the lockdowns in China, higher interest rates in the United States and European countries, and the war
Buy Golden Ocean And Star Bulk At Their Current Prices
Summary
- The Baltic Dry Index increased by more than 40% in the last two weeks.
- Chinese rebar and hot-rolled coil consumption in September 2022 are getting close to their levels in September 2021.
- Golden Ocean and Star Bulk’s liquidity and profitability ratios indicate that both companies can stay profitable even with lower TCE rates.
- I am bullish on GOGL and SBLK.
SM Investor focuses on medium to long-term investments, analyzing companies' financial metrics such as cash flow, growth, and valuation. As financial analysts with real market education and experience, we cover diversified portfolios including growth and value equities, and dividend stocks (including REITs and RICs). Our approach involves using diversified value investing strategies to identify profitable companies with strong financials and low risks at bargain prices.SM Investor collaborates with Morteza Moradi, who holds a Master's degree in Economics and has more than 10 years of experience writing data-driven analytical and investing content.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of GOGL 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.
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