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Star Bulk Carriers Corp. (SBLK) [hlAlert]

down 55.90 %

Star Bulk Carriers Corp. (SBLK) downgraded to Hold by Clarkson Capital

Posted on: Friday,  Dec 12, 2014  10:25 AM ET by Clarkson Capital

Clarkson Capital rated Hold Star Bulk Carriers Corp. (NASDAQ: SBLK) on 12/12/2014. Previously Clarkson Capital rated Buy Star Bulk Carriers Corp. (NASDAQ: SBLK)
on 09/18/2014., when the stock price was $13.38. Since then, Star Bulk Carriers Corp. has lost 55.90% as of 12/12/2014's recent price of $5.90.
If you would have followed the previous Clarkson Capital's recommendation on SBLK, you would have lost 55.9% of your investment in 85 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).

Clarkson Capital
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/12/2014 10:25 AM Hold
as of 10/17/2014
1 Week up  8.83 %
1 Month down  -26.36 %
3 Months down  -14.55 %
1 YTD down  -26.30 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/18/2014 10:25 AM Buy
1/16/2014 9:25 AM Buy

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