Stockchase Opinions

Jim Cramer - Mad Money Star Bulk Carriers Corp. SBLK-Q DON'T BUY Dec 19, 2022

They do a lot of shipping between here and China, which is why shipping rates are down. Not a fan of the carriers.
N/A

Stock price when the opinion was issued

Transportation
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TOP PICK

This is the way to play commodities – through volume and not price. He loves industries that are coming out of bankruptcies. He does not think commodity producers are going to compete on price. (Analysts’ target: $7.60).

PAST TOP PICK

(Top Pick Feb 27/17, Down 9%) He sold at $13.50. He trimmed that back. He likes the area, but it got too much hype. He is looking to get back in.

DON'T BUY
They do a lot of shipping between here and China, which is why shipping rates are down. Not a fan of the carriers.
BUY
Pays a 20% variable dividend.
HOLD

Never trade this, because most of your return here comes from the dividend, a variable 20% divvy. Hold this at least one year.