SwingTrade Member Forum

[Rawnoc]

SBLK 1/21/08 thoughts

SBLK is a dry shipper who's market cap relative to the number of capesize vessels appears to be of the most attractive ratio and appears to be way off radar. Capesize vessels have seen their market rates rise dramatically recently. SBLK has contracts out for most of their operating days already for the next 2 years and should do well in the recession. The company as of this post is still paying a huge dividend (which could change of course) while SBLK trades at less than 1/3rd book value with a decent cash position.