Briefing.com is reporting that SBLK misses by 0.01 where in fact they beat by 0.01! (-0.04) vs (-0.05) prediction, that's a beat not miss, they are thinking +0.04 vs +0.05 which would be 0.01 miss. I guess math is not their strong point lol.
They posted a correction today... http://finance.yahoo.com/marketupdate/inplay#sblk What a bunch of yahoos! If you can't get it right, you probably should be able to post things on the "news" wire. Missing by .01 vs beating by .01 is kind of a big difference in this market.
oh, so much stuff to be subtracted out,...who knows? a penny either way is not too bad, I suppose.
If the shares dip nicely tomorrow, I'd grab some...but if it is going to remain under a buck at some point (due to a weakening general market, perhaps?)...well 'you' could wait for a 'delisting notice'...push the shares down a tad more...and then pounce...I've done well investing in some shippers that received such notices...DHT / PRGN ...They did quite well, coming off those bottoms. Will just have to see what the shares look like, tomorrow...After hours, which can me meaningless, shows 92 cents - I think I'd go for that price...and cost avg it..
Saw you for a long time over at the reit boards, then you seemed to have faded away. i always appreciated your enthusiasm.
good to see you in the shippers sector. does this mean it is due for a revival? i have been in/out of shippers for years. unfortunately, stayed in too many of them during down-turn. thought they would recover faster. hasn't happened, yet. yet, looking for turn-around. when they run it can be awesome.
h5n, Any dividend is good for shareholders, that means the company is making at least some profit. The shippings are oversold. That's a fact. Just look at BAC, pps is $8.00 but dividend is 1 penny. and SBLK, divi is $0.0105. Beats a big blue chip co. In good times, SBLK will pay alot more divi as shown in the past. This is definately a STRONG BUY and a LONG TERM HOLD. Good luck to you.