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Safe Bulkers, Inc. Message Board

president_bush_forever 1 post  |  Last Activity: Feb 3, 2016 10:17 AM Member since: Dec 29, 2008
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  • president_bush_forever by president_bush_forever Feb 3, 2016 10:17 AM Flag

    Why is the stock not rising on this news? This is the 3rd amendment to a credit facility in a week that pushes out major payments 5 years to 2021-2022. Clearly the banks don't want to own any vessels. I know an equity raise will eventually be needed but the family seems to be trying to save the common since they own 60% of the shares. Still, I would have expected a pop given they have quite a bit of breathing room. Any ideas?

    Sentiment: Buy

1.24-0.19(-13.29%)Apr 29 4:02 PMEDT