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Navios Maritime Holdings Inc. Message Board

  • jsb1949 jsb1949 Nov 16, 2012 10:29 AM Flag

    Just unreal

    This company has been run superbly for years, obviously best in class, and gets absolutely no respect. How can it fall 15% in 3 days on absolutely no news. Almost from the year high to near the year low in 72 hours. Outrageous.

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    • "The overall market is down 20% since the election...."

      This is not true. From the peak to the post election low was about a 7% drop.

    • The influences are yesterdays revelation that Europe is back into recession and the return of discussions on the "fiscal cliff". The overall market is down 20% since the election. IT appears the market was overly optimistic in assuming a Romney victory.

      • 3 Replies to winomaster
      • "The overall market is down 20% since the election. IT appears the market was overly optimistic in assuming a Romney victory"

        Don't believe that for one second! Intrade had Obama having basically a 70% chance to be relected! Romney winning would be an upset!

        The Fiscal Cliff possibility has been the issue. If the politicians can't get their diehard idiots to come to a concensus, markets will force their hands. For now the market is optimistic.

      • To me this is more of a reaction to SB cutting their quarterly dividend by two thirds despite a decent quarter. That was a prudent move by excellent SB mgmt because of a possible bankruptcy by their major charterer, general down market and desire to make cash available for opportunitic acquisitions (which they are doing). NM is better off in some respects in that their div yield is not out of whack and they have little need to finance newbuilds in the next couple of years. That means acquisitions when the opportunity comes along.

      • Factor in it is a Greek owned company, subject to influences coming out of there! And with earnings around the corner and Thanksgiving!, maybe somebody drove the price down momentarily, taking advantage of al of these factors, to get in before it goes back up?

        Sentiment: Strong Buy

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