Don't have time for people like him/her/it lol.
Nice 4 day move from low 9's :-)
The outlook for containerships is positive. Global container trade is currently estimated to grow by 6.1% in 2014 and 6.7% in 2015. Global container supply is projected to grow by 5.3% this year and 5.2% in 2015, and is therefore set to be outpaced by container trade growth.
Obviously NMM is a best of breed survivor. We are on an uptick. Shareholders will score considerable capital gains while at the same time earning fat juicy dividends. It is this type of properity which will enable NMM shareholders to be able to afford to eat buffet style in Las Vegas.
I agree in a way. For those of us who bought under $10 - continuing to scale in and buy as the price goes up is a great move!
I still consider this a good price to buy in, especially given the great yield paid to wait for the price to increase. I'll happily take 18% all day long.
Too bad that you don't understand that those numbers only appear bad since they are writing down assets on the new ships they own. Oh, the magic of depreciation!
But as far as the price already being advanced - that's true. You should have bought under $10 as I suggested. While still cheap, since the price target is $13-15, the risk has increased substancially at $12. Even I am not buying now.
You are right to say no thank you and bye-bye now. You already missed picking up 18% in divies and the 20% price appreciation by buying when I hinted that you should.
Sorry you missed the party!
But NMM already has contracted their ships out. They should have no problem paying distributions unless shipping fails to pick up in the next 5 years. Even in 2008/9 they paid dividends.
Shipping is dead. There are nine dry cargo vessels anchored inside the mouth
of the Columbia River in Oregon = no cargo, trade is dead
NMM is one hot stock. Shareholders will enjoy fat dividends and experience a windfall in capital gains. The glory days of the NMM shareholder is back. NMM is the best shipping company in the world.
Dog stock, insiders taking it all. Janet Yellen, is just a prik teaser. see you on CVRR...lol
Seen any 'omens' lately....lol