At least, longs don't need to worry about the dividend cut, but shorts need to worry about bringing dividend back. Nobody know where BDI will go next.
It would be $4 if 4xprice/cash flow is used. It does not make sense to use PE in shipping industry as the market value for a shipping company is much lower than the book value. So if you use PE then you should also consider the book value. Either way, NMM price has a big potential to triple in 2 years.
This will be a very positive after hour trading if NM can go up on Monday. If it is up on Monday, then $2 will be soon. It is definitely not option related. There are only 251 open contracts for March, so it will be only about 25000 shares.
It is a little surprising. Compared with SB management team, AF is a real garbage to suspend the pf dividend so easily. SB will also have a tough road ahead with new deliveries and more lease back.
I used 4xcash flow plus the current asset value(not fire sale value). The issue from HMM got improved, but it is still there. That's the reason why it is still under$2. It should be above$4 once HMM is not an issue anymore and should be above$8 if BDI can stay around 900.
How much do you trust her? For me it is almost 0 now. Regarding market stabilization, there is no way she can know it. The BDI could start to drop just right after her purchase.
The management team may go with private placement if NM needs more cash. That will increase the ownership to 40 or 50 percent. So if dividend is back, then 50% of the money will go to management team. That will be the big reason for management team to bring the dividend back if condition is allowed.
Everything could be possible. The pf price would not be below $5 if it were confirmed that the dividend would be back. You buy here for a cheap price but at high risk. The management team owns 30% of common so the chance is high to bring the dividend back when condition is allowed. You can see it from its dividend history, but AF became unpredictable for now.