% | $
Quotes you view appear here for quick access.

Navios Maritime Acquisition Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • phonodelic phonodelic Jan 10, 2012 10:44 AM Flag


    I just hope they will fund growth from cash flow and reasonable debt, and not issue more shares and dilute

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I agree but they have to solve the liquidity problem. There is all this happy talk among the analysts in re STNG and CPLP but nobody really talks about us. IMHO it is b/c of the thin float. We are just as, if not more, compelling than those other two...

    • My read is that additional ships to be added probably will not be delivered until after the existing orderbook is delivered and chartered. I think management probably has a lot of work to do to shepherd their existing orders through the yards and then get them through the oil major vetting process. The only caveat is that if they have some ridiculous opportunity dropped in their laps they woudl grab it. With the product tanker orderbook looking pretty modest, I suspect that may not happen with the yards. It could happen from banks reposessing ships on the water.

1.93-0.02(-1.03%)Apr 29 4:02 PMEDT