Are they really dropping the dividend from 44c/share to 6c? That's the main reason I own this stock... Before I do anything I might regret could anyone clear this up? I don't understand why the message bd isn't all abuzz about that.
Yes, I meant NM. My own personal opinion--and it is just that--is that the market is holding a Blue Light Special on a number of stocks, and NMM is right up there as a huge bargain. Again, just my opinion.
and don't forget, anyone who held this higher on margin... a sort of retail carry trade... has to get spooked Even if they get no call. if the margin clerks get involved, then you get shares dumped wholesale, w/o regard to price. that should be over, if it occurred, by noon.
No. The 6 cent distribution is for another Navios entity--NA. I had to read it twice myself to be sure that it was not NMM. Don't know why it was posted under NMM. That may be the reason the share price has dropped today.