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Navios Maritime Acquisition Corporation Message Board

  • spamblaster1234 spamblaster1234 Oct 4, 2012 9:15 PM Flag

    Glogal Hunter Securities Sez:

    " We are initiating coverage with a Buy rating on Scorpio Tankers (Nasdaq: STNG) and Tsakos Energy Navigations (NYSE: TNP), an Accumulate rating on Ship Finance International (NYSE: SFL); a Neutral rating on Navios Maritime Acquisition Corp (Nasdaq: NNA) and Overseas Shipholding Group (NYSE: OSG), and a Reduce rating on Nordic American Tankers (NYSE: NAT)."

    So why a buy rating on STNG but a neutral rating on NNA. Maybe they just looked at the charts for the two and recognized that STNG's price movement has been stronger of late. No doubt because if rates turn around, STNG will benefit stronger, sooner. But the price movement of the two stocks, I would say, does no reflect the greater security of NNA if there is any delay in charter rates moving up. The market is not always right.

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NNA
3.87-0.05(-1.28%)Jul 30 4:04 PMEDT