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Safe Bulkers, Inc. (SB)


NYSE - Nasdaq Real Time Price. Currency in USD
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2.525+0.045 (+1.815%)
As of 1:35PM EDT. Market open.
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  • Picked up some SB-C 8% preferred last month. Pays $.50 per quarter.
  • Nice inverse head and shoulders pattern here. A break above $2.60 could send this to $3.
  • Panamax index starting to boil. SB stock price should follow.
  • fan of this company, just volatile
  • SB is up 10.10% to 2.29
  • down over 10% last Friday then roaring 27% this week. WOW
  • SB is up 11.00% to 2.22
  • Been looking, can not find any news, kind of aggravating, but went ahead and picked up a few more shares. BDIY was been going down daily since May 15th, down another 3% today, that is the only thing I see but normally that would not translate to the drop we saw today in SB
  • SB is up 9.94% to 1.99
  • anyone find any news on why the big drop?
  • down 15% - did we run into a downgrade or is SB doing another equity raise?
  • SB is down -8.96% to 1.93
  • bought at 2.07, see what tomorrow brings.
  • 1st qtr guess. $1 million net; $1 million operating loss, $5 to $6 million in loss to common shareholders or $.05 to $.06 loss per share. Comps better you probably cautious words for remainder of year.
  • Finally the bleeding stops on the BDI and it finds a little support at 1000
  • $2.35 is a complete gift for anyone wanting to add new positions. With the Panamax daily rate sitting at $12,900 per day combined with the Preferred stock buyback - SB should make about $.40 in 2018 (assuming rates remain at this level for about 12 months so they can roll all of their Panamax ships over to these higher rates). Further it appears, based on outstanding ship orders that rates should continue higher for a while adding more to SB's earnings. Based on everything going on at this point, I think any price below $3.25 is cheap at this point.
  • 20,000 share purchase pre market 5% above last afternoon close. Stupidity or perhaps we get news shortly.
  • The word "banal" sometimes rears its by-now banal head; you say "underedited," I say "derivative." The conversation goes around and around various literary criticisms, and by the time it moves on one thing is clear http://dataunion.tistory.com/11799

    Safe Bulkers NYSE $SB Correlation Histogram
    X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0 In other words, the correlation coefficient of the other stocks is
    dataunion.tistory.com
  • BDI continues to inch upward and yesterday an upgrade. Maybe in another year SB will start making money again, barring another recession.
  • I was looking at historical BDI and stock price
    3/29/17 $2.31/share BDI 1333 (shares os 99M)
    8/7/15 ($3.33* 83m shares 8/15 / 99m shares current) = 2.79 adjusted share price vs BDI 1200
    8/29/14 ($6.66 * 83M shares 8/14 / 99m shares current = 5.58 adjusted share price vs BDI 1132
    11/23/12 ($5.80 * 76M shares 11/12 / 99m shares current = 4.45 adjusted shares price vs BDI 1090

    There is no meaningful supply coming on the market for at least the next 2 yrs. Love the impending supply demand imbalance set up for yrs to come.