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Star Bulk Carriers Corp. (SBLK) [hlAlert]

Rating:
Hold SBLK
down 36.47 %

Star Bulk Carriers Corp. (SBLK) downgraded to Hold by Dahlman Rose

Posted on: Wednesday,  Feb 24, 2010  9:25 AM ET by Dahlman Rose

Dahlman Rose rated Hold Star Bulk Carriers Corp. (NASDAQ: SBLK) on 02/24/2010. Previously Dahlman Rose rated Buy Star Bulk Carriers Corp. (NASDAQ: SBLK)
on 05/19/2009., when the stock price was $62.10. Since then, Star Bulk Carriers Corp. has lost 36.47% as of 02/24/2010's recent price of $39.45.
If you would have followed the previous Dahlman Rose's recommendation on SBLK, you would have lost 36.47% of your investment in 281 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).

Since the Firm’s inception, the Dahlman Rose Research team has been dedicated to providing our institutional client base with differentiated research calls and actionable investment ideas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/24/2010 9:25 AM Hold
None
39.45
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD down  -6.73 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/19/2009 9:25 AM Buy
None
62.10 120.00
1/29/2008 9:25 AM Hold
None
150.75

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