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Why Star Bulk Carriers Stock Just Popped

Rich Smith, The Motley Fool
·2 min read
Why Star Bulk Carriers Stock Just Popped
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Star Bulk Carriers (NASDAQ: SBLK) stock is riding high Thursday, up a lucky 7.7% as of 11:20 a.m. EDT. Management at Star Bulk is "prudent," opines the analyst, and careful about how it allocates capital to create value for shareholders, buying smaller shippers, and consolidating them into itself, only when it has a reasonable chance of growing its profits by doing so. Of course, it doesn't hurt that Star Bulk is operating in an environment very favorable to dry bulk shippers right now.