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Re: timhyma post# 43049

Thursday, 08/13/2009 7:18:11 AM

Thursday, August 13, 2009 7:18:11 AM

Post# of 54614
Number crunching SBLK, and revising my value model based on the inexpected loss- I'm seeing a low ball eps of 25 cents going forward. P/E average for the industry is around 6x, so the stock is worth about $1.50ish. But tangable book is still pretty high at $7ish, so will hold my position and see if they announce something good to show improved earnings over the next couple quarter. The 52-week low was $1.19, so that may be the add area

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