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American Capital Agency Corp. Message Board

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  • barrlenn barrlenn Dec 21, 2012 6:49 AM Flag

    OT: NMM

    I have been looking at NMM as well. It is a dry bulk shipper. The industry has been distressed due to an overabundance of shipping and low rates that are being negotiated for shipping. NMM is concluding a number of long term profitable contracts with China that were negotiated when rates were higher, and it likely that new contracts will be renegotiated at a lower rate. I certainly have made more than my share of mistakes investing, but I personally am exercising caution here.

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