Not sure about a quadruple... as that will be unhealthy for a stock. BUT I can definitelysee a snapback above $8 into earnings.
WOW, what pain. from $12 to $4 If Angeliki Frangou does not come out with a press lease about her buying or the company is still intact we will see mid $3's seen.
There is NO SUPPORT on the bid side. I just watched over 500 on the BID be taken out in a second. There are a lot of sellers.
Wait till news about the IPO hits the wire. It will be worth it
VLCCs is the HOT sector when we start shipping crude. PLUS since we are not taking the Canadian OIL, Canada decided to run a pipeline to the west coast and ship oil to Asia. The West coast port announced they are opening the ports to VLCCs. (Very Large Crude Carrier)
ALL GOOD NEWS
I like NNA too. Even though NM has 46% or NNA I like the VLCCs play there. Also read an article that Canada is building their crude oil pipeline across Canada to the west Coast. The port in the west eill allow VLCCs to ship crude to Asia. Lets hope Angaliki is in Canada making a deal
Revenue (ttm): 520.47M
Revenue Per Share (ttm): 5.09
Qtrly Revenue Growth (yoy): 15.80%
Gross Profit (ttm): 267.87M
She will POP hard when the vomit holders are done PUKING out their shares...... I have a bucket ready for them :)
I personally own NNA and NM. I like NM (Navios Maritime Holdings Inc) because it owns 20% of NMM and 46% of NNA. It has a dividend of about 5% with the latest pull back. I have been adding to my shares now. DO NOT PANIC. just buy and lower your cost basis.
% Owned by Insiders
% Owned by Institutions
Trading Volume - Today
Trading Volume - Average
Trading Volume - Today vs. Average
HMMmmmmm Should be good for NM