sarge...even though revenue was down, their current business and the forward outlook 'is very strong' plus, the yield seems to be secure...it looks like most investors like the Second Quarter report...! Stagg...!
Navios Maritime Partners L.P. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2015
Thu July 30, 2015 7:10 AM|Marketwire | About: NMM
MONACO -- (Marketwired) -- 07/30/15 -- Navios Maritime Partners L.P. (NMM)
Dividend of $0.4425 per common unit
Committed to a minimum annualized distribution of $1.77 per common unit through the end of 2016
Net Income: $11.4 million in Q2; $22.2 million for the six months
EBITDA: $38.7 million in Q2; $76.7 million for the six months
Operating Surplus: $29.3 million in Q2; $57.1 million for the six months
Delivery of one 2011 South Korean-built Container vessel of 13,100 TEU
Chartered out for 12 years at $60,275 net per day
99.0% fixed for 2015
Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM), an international owner and operator of drybulk and container vessels, today reported its financial results for the second quarter and six months ended June 30, 2015.
Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, stated, "I am pleased to announce our results for the quarter. We recorded revenue of $56.5 million, reported $38.7 million of EBITDA and earned $11.4 million of net income. We also announced a quarterly distribution of $0.4425, representing an annual distribution of $1.77 per unit. This annual distribution provides a current yield of about 16.6% about 2.5 times the yield on the Alerian MLP Index."
Angeliki Frangou continued, "In 2013, Navios Partners diversified into the container segment, which today represents about 45% of 2015 EBITDA. However, Navios Partners continues to have material exposure to dry bulk through its 23 dry bulk vessels. We do not believe that the historically low rate environment of the first quarter of 2015 likely will be repeated soon. Indeed, since the first quarter, the BDI has improved by more than 100%, with Capesize spot rates significantly higher. Thus, we expect our dry bulk investments to provide material upside in an improving
guys...I added more FRO today...I said I was going to pile up some cash before a possible Bloody October, but I could not help myself, lol...the fact is, it is starting to look like we may have 'a Mini-Rally going' at this time...! SFL (yield about 10.5%) and BDCL (yield about 21.3%) are running strong, but I will not add, as I already own enough of them...! Stagg...!
Bought 1K shares of NAT
pays 7.4%, Fidelity score 6, IBD score 82..
Not that is means much, J Cramer says NAT is a buy, soon I got some
now watch the price drop! LOL
Very best to all
you are doing very well IMHO, I am up 1%.. You got me!
You own way more stocks than me--Good luck
Maybe GGN will come back--Do you think oil put a bottom yet
stagg/before a nice yesterday i was up a little over 2% ytd sans divys.Leaders that i like.LLY,EXR,GLNG,WNR,NTI,MO,BMY,GEL,and ETE.Close losers i like VTTI,BIP,TRGP,TEP,LYB,WGP&BXMT.Up in the air on SXL,OHI, and PAGP.May sell NTI.Probably forgot a few.ed
As i stated before I like UVE --but I am NOT buying any thing at this time
I own NMM SFL NAT NTI and some others
I am in 35% cash at this time
FB is green for once---Come on green--come to daddy LOL
Board members...we have a nice market snap-back going today and I am glad for that...but we are still a long way from any type of a market rally...the over-all markets are always looking for reason to go up or down and lately the markets seem to find more reasons to go down...! No doom or gloom here, just some conservative thinking (I still like FRO, NMM, UVE, WMC and NRZ at this share price level)...! Stagg...!
ConocoPhillips (NYSE:COP): Cramer likes the stock as it yields 6%. He suggested waiting as oil can head lower to $43. The company is good and it should be bought when oil bottoms at $43.
weak sister trading and my opinion......only works when following their debt,another way of saying it.if one weak sister has a good balance sheet ....it may have been dragged by the debt load of the other and is a good swap.there are a few out there.ed
mid summer rally:I would hazard a guess::::should see some early signs friday and it kick in aug 3...if i don,t see this sign i will be selling more.ed
For obvious reasons I have been reviewing my strategy to stand pat and rely on the strength of my dividend shares to weather the storm. First and foremost, I need the dividend income and don't feel I can convert, say, 30% of my holdings to cash and take a 30% hit to my dividend income without being sure how I would make up the lost income or how I would reinvest the money if, when and for how long the bear market were to continue.
For my own benefit and to put this into perspective, I looked at the dividend picture of the 34 stocks in my portfolio over the last 12 months.......
One stock cut its dividend. It now yields 22.28%.
13 stocks have paid the same dividend for the last 4 qtrs. Average yield = 12.05%
10 stocks increased their dividend one or more times. Average yield = 7.55%
10 stocks increased their dividend every quarter. Average yield = 6.25%
So, while the principal may suffer, hopefully only in the shorter term, I can maintain and quite possibly increase my income by not selling the underlying shares. FWIW, that's one person's plan. Time will tell.
Stagg, I think we could still get a late summer rally (we still have all of August and some September's have been good). That's why we have to try to make sense of the technical factors, although one can't really know what is going on in China and with all of the ETF funds selling.
kbon, a good topic, probably for its own post. In general, high yield stocks have somewhat more risk for short raids because the companies generally pay out a large part of their cashflow as dividends and also fund their businesses with large amounts of credit, so they don't have a lot of cash to buy back large amounts of stock. They also have lots of retail investors to get spooked either with panic or stop losses. Further, as a high yield stock declines, that makes it more expensive to fund acquisitions since most high yield companies use a combo of debt and equity. Many of the high yield companies are dependent on acquiring new assets (or in the case of e&p firms) replacing reserves, so they need to be able to borrow and issue equity to keep the treadmill running.
sarge (update)...at this time, I am down -4.5% YTD in my TD Ameritrade accounts...! Its going to take 'a lot more' than UVE to get me out of this mess, lol (however, my high yields are still a big help)...! Stagg...!
I can see why you like UVE
what a hidden gem
IBD score 99, fidelity 9.5, Barchart 88% buy signal RSI is extended one of the few that are green today
PAYX, T are solid also take a look
Note: I sell MLPL and it goes up a .53Cents
sarge...SFL is still a core holding as is NMM...I never did own GLOP or NTI (and probably never will)...however, I have started new positions in FRO and UVE (and UVE is doing fine)...! My crops look great (yield wise) but the current prices of corn and soybeans are in the dumps...! It looks like 'poor oil prices' are dragging everything else down with it...! Stagg...!