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Star Bulk Carriers Corp. Message Board

  • canstic1 canstic1 Jan 11, 2012 6:23 PM Flag

    I'll take the dividend, thank you...

    http://www.smallcapnetwork.com/MNI-SBLK-CBK-What-s-Wrong-with-These-Dividend-Champions/s/via/3445/article/view/p/mid/1/id/313/



    >>>"Star Bulk Carriers Corp (NASDAQ: SBLK) is a Greek shipping company that has a dividend yield in excess of 20 per cent. However, the stock trended lower in 2011 and is likely to underperform major indices in 2012 also. It has a 52-week range of $ 0.86 - $2.80 and currently trades at $0.95. Although the stock appears to have hit the trough, it lacks the momentum to take it to higher levels. Simply put, there are absolutely no triggers to entice traders buying into this stock. Investors can continue to get dividend in this company but they are most likely to miss on capital appreciation. "<<<

    I'll take that 21% dividend all day long. Unless several ships go unleased there is no reason they will cut it.

    This managment is very savvy (IMHO), and I believe they will get their ships re-leased at good rates. That is what a shareholder owns here. The managements ability to keep the ship afloat (pun intended) for another year or two until the BDI turns back up and lease rates begin to climb again. As long as they do that the dividend will keep flowing. 21% is nothing to sneeze at...


    ;^)

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    • Canstic, this is a very good post. Can't disagree with the body of the write up. However I suspect you know that I dissagree with the sustainability of the Div. This is an opinion no more valid than yours. If you are correct ,we both make money. I would rather eat crow if it makes me the money to pay for it.

 
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