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Star Bulk Carriers Corp. (SBLK) [hlAlert]

down 78.18 %

Star Bulk Carriers Corp. (SBLK) rated Buy with price target $17 by Maxim Group

Posted on: Wednesday,  Oct 8, 2014  8:25 AM ET by Maxim Group

Maxim Group rated Buy Star Bulk Carriers Corp. (NASDAQ: SBLK) on 10/08/2014, when the stock price was $10.27.
Since then, Star Bulk Carriers Corp. has lost 78.19% as of 01/26/2016's recent price of $2.24.
If you would have followed this Maxim Group's recommendation on SBLK, you would have lost 78.18% of your investment in 475 days.

Star Bulk Carriers Corp. (Star Bulk) is an international company providing worldwide transportation of drybulk commodities through its vessel-owning subsidiaries for a range of customers of major and minor bulk cargoes including iron ore, coal, grain, cement and fertilizer. As of December 31, 2008, the Company owns and operates a fleet of 12 vessels consisting of four Capesize and eight Supramax drybulk carriers with an average age of ten years and a combined cargo carrying capacity of approximately 1.1 million dwt. Star Bulk?s fleet carries a variety of drybulk commodities including coal, iron ore, and grains, or major bulks, as well as bauxite, phosphate, fertilizers and steel products, or minor bulks. It charters all of its vessels on medium- to long-term time charters with terms of approximately 1 to 5 years, other than the Star Alpha, which is employed under a contract of affreightment (COA).

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/21/2015 8:25 AM Buy
4.50 9.00
as of 10/17/2014
1 Week up  8.83 %
1 Month down  -26.36 %
3 Months down  -14.55 %
1 YTD down  -26.03 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/8/2014 8:25 AM Buy
10.27 17.00
12/23/2013 9:25 AM Buy
12.60 15.00
11/21/2013 8:25 AM Buy
8.13 12.00
5/8/2009 9:25 AM Hold
2/13/2009 10:25 AM Buy
33.75 75.00

(*) Stock Price at the time of the recommendation.
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