GainersToday.com
GainersToday.com, Tracking Stock Market Picks
Enter Symbol:
 
Star Bulk Carriers Corp. (SBLK) [hlAlert]

Rating:
Mkt Perform
SBLK
down 59.64 %

Star Bulk Carriers Corp. (SBLK) downgraded to Mkt Perform by FBR Capital

Posted on: Monday,  Oct 31, 2011  8:25 AM ET by FBR Capital

FBR Capital rated Mkt Perform Star Bulk Carriers Corp. (NASDAQ: SBLK) on 10/31/2011. Previously FBR Capital rated Outperform Star Bulk Carriers Corp. (NASDAQ:
SBLK) on 08/14/2009., when the stock price was $51.30. Since then, Star Bulk Carriers Corp. has lost 59.65% as of 10/31/2011's recent price of $20.70.
If you would have followed the previous FBR Capital's recommendation on SBLK, you would have lost 59.64% of your investment in 808 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).

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/31/2011 8:25 AM Hold
None
20.70
as of 12/30/2011
1 Week   
1 Month   
3 Months up  6.97 %
1 YTD down  -48.31 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/14/2009 8:25 AM Buy
None
51.30 90.00

(*) Stock Price at the time of the recommendation.
RSS Feed | |  Facebook |  Twitter |  Google Plus
Home | Terms of Use | Advertise | FAQ | Support Page | Contact Us | About Us | Privacy Policy