Safe Bulkers: The PullBack Might Not Be Over
SBSafe Bulkers(SB) Seeking Alpha·2024-08-17 19:22

galitskaya/iStock via Getty Images Safe Bulkers Inc. (NYSE:SB) has seen a 100% bull run in their share price between November 2023 and June 2024. Currently, they are in a 20% pullback, after reporting mixed earnings results in Q2 2024. In this article, I will cover some of their highlights during Q2 2024, including some of the headwinds that the company is currently facing, and I will look at different factors, including share buybacks, financial metrics, and price action, to explain the rationale behind my ...