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Navios Maritime Acquisition Corporation Message Board

benpub_one 10 posts  |  Last Activity: May 28, 2015 5:10 PM Member since: May 30, 2000
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  • Reply to

    Deal is becoming clear

    by trubulator12345 May 28, 2015 4:39 PM
    benpub_one benpub_one May 28, 2015 5:10 PM Flag

    Hey, not to be a ball buster, but you're right everything is great!! but no one is watching or seems to care or believe. Would be nice to have some interest in the stock but no one seems to care.

  • Reply to

    Buena Suerta and C- Dream for $125M?

    by play_tow May 27, 2015 11:19 PM
    benpub_one benpub_one May 28, 2015 3:33 PM Flag

    Frankly, the company doesn't get rewarded for anything they do. They can buy ships, get higher rates, sell ships, long term contract, head fake a share buyback, but nothing moves this stock past 3.85. It really brings to question the whole business model of this entity. Question is there one? and really what might that be?
    AF and company are always very proud of their ability to produce debt. Really they need to learn how to generate profits and reduce debt. I know..not really a greek culture item but just saying.

  • Reply to

    etrade flipped nna to non marginable today

    by benpub_one May 28, 2015 2:01 PM
    benpub_one benpub_one May 28, 2015 2:32 PM Flag

    Holding: NNA (NAVIOS MARITIME ACQUIS CORP SHS)
    New Requirement: 100%
    Old Requirement: 60%

  • Reply to

    Buena Suerta and C- Dream for $125M?

    by play_tow May 27, 2015 11:19 PM
    benpub_one benpub_one May 28, 2015 2:29 PM Flag

    they aren't making a killing on the sales and now the earning power is being sold off.. company is just floundering in some of the best of times.

  • Reply to

    Buena Suerta and C- Dream for $125M?

    by play_tow May 27, 2015 11:19 PM
    benpub_one benpub_one May 28, 2015 2:26 PM Flag

    and acquire two vessels from
    Navios Maritime Acquisition Corp. for about $73 million

  • We view Navios Midstream's financial risk profile as "significant," reflecting
    the company's relatively high Standard & Poor's-adjusted debt. The proposed
    transaction stipulates that the company will raise a $205 million term loan B,
    repay $124 million of existing credit facilities, and acquire two vessels from
    Navios Maritime Acquisition Corp. for about $73 million. This will be partly
    offset by more vessel operating days owing to the expanding fleet and the
    resulting EBITDA increase. Accordingly, we forecast that Navios Midstream's
    adjusted ratio of funds from operations (FFO) to debt will be about 25%-28%,
    which is commensurate with the "significant" financial risk profile.

  • benpub_one by benpub_one May 22, 2015 11:28 AM Flag

    George is always behind the curve, could done this a year ago or 8 years ago and debt free but not to bright when it comes to managing a company. The share repayment to Orig and the sale of the tankers, will bring debt down. He will then sell off all the shares of Orig, Payoff the debt remaining and then Dryships will be sold as a debt free entity. He's too old to keep running it and taken enough for himself, but his ego and pride won't let him BK the company. He is already positioned himself for this. New boxships, Orig and Tankers. Drys will be sold. JMO.

  • Reply to

    Earnings 13¢ with 7.7m profit sharing

    by foo_star May 13, 2015 7:53 AM
    benpub_one benpub_one May 13, 2015 12:58 PM Flag

    Not to be an antagnoist really....but wait for what? These are the good ole days for tankers now! NNA IPO'd at 10 with 200 million in cash and NO boats. now 39 great rev's and profit , pays a dividend, growing but the stock cannot be moved up stuck under $4 and will dribble down from here. If the current rate environment can't move the stock really what can or will???

  • Reply to

    Earnings 13¢ with 7.7m profit sharing

    by foo_star May 13, 2015 7:53 AM
    benpub_one benpub_one May 13, 2015 11:37 AM Flag

    Agreed and today should have translated to share price increase. Best of times for tankers and nothing for the share holder but his/her nickel. No share buyback as predicted, stock popped and dropped and will continue to wallow and everyone will get their nickel a quarter.

  • benpub_one by benpub_one May 6, 2015 11:04 AM Flag

    IMO, NNA will drop down vlcc's meet or exceed forecasts, free up balance sheet and pop to 3.85 then wallow from 2.85 to 3.85 until the next earnings. Dividend will not change. Oh and the amount of shares "bought back" in the last quarter. IMO Zero. This is just the way it is.

NNA
3.92Jul 29 4:02 PMEDT