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Navios Maritime Partners L.P. Message Board

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  • ContraIndicator ContraIndicator Aug 10, 2011 1:54 PM Flag

    Oops- It went up- something must be wrong!

    Yes, you beat me to the correction.

    Some investors buy just after ex-div date.

    We have another 3 months during which more unexpected events could happen driving this stock price down more.

    NMM's price is doing very well considering what's going on with the rest of the market and continued expectations of a slow economy.

    I still cannot pull the trigger, thinking of the nature of this sector, MSN's Jubak saying that the additional ships and debts NMM has taken on take away to some degree the attractiveness of its ability to continue to sustain its divs as well as the nature of its relatively shorter term charters, and that the next div will not occur for another three months, which in today's market is an eternity.

    On the other hand, the stock has been beaten down.

    Still watching SFL and SDRL (would add more shares to my SDRL holdings), for the next "correction," at which time I would be more willing to step in. Next div date for these companies is in early Sept.

    With MLP K-1's, an investor's taxes are partially shielded (deferred). With income with this company (NMM), it is reported as "return of capital." Is this not taxed at the ordinary income tax rate? (no qualified divs taxable at a lower rate)

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NMM
10.33-0.33(-3.10%)Jul 31 4:02 PMEDT