Who do you follow for investment advise? Five Wal
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(Total Views: 171)
Posted On: 06/19/2024 8:30:17 PM
Who do you follow for investment advise? Five Wall Street analysts are giving SBLK a buy rating with a few saying it's a strong buy with price target between $30-34 per share. On the other hand a Zacks analyst gives SBLK a strong sell based on heavy debt. I don't know if potential revenue from merger deal with Eagle factored in or even purchase contracts for new ships under construction. There was several funds who made purchases recently of SBLK at prices higher than what it is now. One financial reporter indicated that SBLK is in his opinion "significantly undervalued" at these levels. Based on intrinsic value he thinks stock has a fair value of $33.53 if you add cash on hand, value of 163 ships and contracts for service all ready inked giving predictions for revenue growth in Quarters 3, 4 and 1 (2025). They say due diligence is important. Management states dividends are a priority for the company. The world needs what bulkers can deliver. Your thoughts?
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