Star Bulk Carriers Corp. Message Board
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When to buy SBLK
After a reverse split, 1 for 5 ??, and then a share offering soon after, present shareholders get shafted and the co. balance sheet gets solid. -Div. will be reduced on a post split/offering basis. Share price would be in my estimation about $4- $4.50 with a div. of 5 cents a share/qtr post action. Yield about 5%. Round number guesses but the general action is probable if things don't get better fast. Present shares adjusted would then be worth 80-90 cents post action.
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Wow--1 for 15
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If they do an offering after the R/S, it would be a time to gamble on some SBLK.
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Reminder from last Oct.
- 1 Reply to RADNOC
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DHT has fallen to a split adjusted price of .45... approx 28%
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Post from the past. These things take time. Numbers estimates.
- 1 Reply to RADNOC
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Price was about $1.25/share then. Need about 1 for 10 now.
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They just can't wait to add to their fleet- from the latest press release:
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Such moves, allow Star Bulk to take further advantage of opportunities that will arise."
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BDI still improving!- 1 Reply to wahnton1138
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for the bank to refinance them shows a vote of confidence.......
the cash flow for sblk is good enough to increase the fleet if the right opportunity presents itself. I look for star bulk to maintain its divvy, the market will have to increase the share price to a more reasonable yield, that will bring the share price over two bucks.this is a strong buy
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Why would this company do a reverse stock split. There are only 60 million shares outstanding. There is no reason to do a r/s. All this company needs is a world economy that sees some stabilization which will allow bulk rates to improve. An r/s makes no sense.
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I hope they don’t have to do a reverse split….it’s been my experience reverse splits don’t work out to well for share holders
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Just bought some at $1.09. I guess we'll both find out soon enough!
- 1 Reply to nickc92
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Nick- You may have made a good move. If a reverse split does not happen, this stock is undervalued. If it does, based on my numbers, over the long haul you should do well also. The stock is at the mercy of the market and politics, not fundamentals. Best of luck.
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