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Navios Maritime Acquisition Corporation Message Board

  • mikeyhorsehead mikeyhorsehead Jan 9, 2013 9:07 AM Flag

    Navios Maritime Acquisition Corp Raised to Overweight

    From Neutral by JPMorgan Cazenove NNA

    Jan 9, 2013 07:54:30 (ET)

    (END) Dow Jones Newswires

    January 09, 2013 07:54 ET (12:54 GMT)

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    • Yes, it is nice to finally see some love from analysts, but this doesn't solve the liquidity problem. Combe, in fact, warns investors about the limited liquidity. Interesting that Tradewinds has an article today about Torm being forced to sell ships by it new bank owners. I've talked about this before, wouldn't it be great if NNA could pick up a few newish ships from Torm's bankers and pay them in NNA shares? It would likely be accretive and gets more float out there without the stigma of a secondary raise.

    • 40¢ up from the bottom already / this will nudge us up a bit more. If that December seller is really done, a little volume could push us another 40¢. Makes the ol portfolio stronger but we still have a while before our 3013 play plays out. New ships to hit the water with some regularity now. GL

      Sentiment: Hold

      • 1 Reply to foo_star
      • Nice to finally see a close to $4 price target. JPMorgan upgraded Navios Maritime Acquisition Corp. (NYSE: NNA) from Neutral to Overweight with a price target of $3.85 (from $3.15).

        JP Morgan said, "We are upgrading our rating of this small-cap in light of asymmetric risk to the upside given NNA's exposure to relatively firm product tanker fundamentals and insulation from likely ongoing crude market headwinds through high-end charter cover. We recommend adding to positions while paying heed to volatility fuelled by low-end trading liquidity."

 
NNA
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