Why would I not buy at these prices and the .015 dividend
I read the latest earnings report twice and am somewhat confused by the share price. Management seems very capable and has the company navigating through some dicey waters. All carriers have debt, yet this company has actual money in the books with a long-term plan. On top of that, all shareholders on record at the end of trading on September 10th receive $.015 per share, which equates to about a one day return of about 2.5%. There are alot worse companies trading for more money...hard to figure this one out.
You better do some more reading! They USED to have a good CEO that put shareholder interests ahead of the "family" interests. They got rid of him and then purchased two ships from "extended family" for prices not justified in the open market. They have board members with zero practical experience at.... oh, anything.
IF the entire shipping sector comes roaring back then SBLK will benefit also - but don't kid yourself that they are somehow best in class or leaders in the sector.