$SBLK is not the cheapest option of all peers, but is definitely among the cheaper ones. SBLK currently trades at 0.93 P/NAV (with a $10.36 share price). You can buy into this firm at a discount to the value of the vessels in the current second-hand market. Despite the fact that SBLK is not trading the cheapest of all peers, I? still think it could have an edge.