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Navios Maritime Holdings Inc. Message Board

  • bobbobwhite bobbobwhite Jan 22, 2008 9:44 AM Flag

    Tried to tell you

    but some just won't listen or learn, and are destined to fail or at least be heavily damaged. The Market is down over 400 points as I write.

    Perceived strengths or weaknesses of NM don't matter at all now as it's much bigger than any ind'l stock. And, all still fully invested in the market will suffer badly in this recession until it can be brought under control. The Fed can only do so much, as the remainder is cyclical and deeper than most cycles this time around due to mindblowing blunders made in outsourcing USA jobs and the loan/mortgage/housing biz, etc. that are all hitting our economy at the same point in the cycle.

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    • Disclosure: I went to cash in November, 2007. I locked in alot of cash at 5.4% APY. I am less than 10% invested in Equities now. I am looking to slowly move back into Equities now, i.e. BUY not SELL.
      I hope you like earning 2% on your cash now. The dividend on NM for this next year is 3.2%.
      Your timing appears suspect to me, JMHO.

1.01+0.04(+4.12%)May 26 4:02 PMEDT