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Navios Maritime Partners L.P. Message Board

lowcientoe 5 posts  |  Last Activity: Sep 23, 2014 3:15 PM Member since: Aug 12, 2004
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  • Reply to

    If they drop the dividend

    by lowcientoe Sep 23, 2014 1:49 PM
    lowcientoe lowcientoe Sep 23, 2014 3:15 PM Flag

    it isn't the percentage that bothers me, it would, like you say, still be a 12% stock (i doubt a 5c per quarter cut, more likely 2-3c), it's the trend. dropping share price coupled with a diminished dividend just doesn't promote confidence. and there are higher paying stocks that are more stable, (nymt), whose share price has risen over 10% in the last year, so for our particular situation we would have to consider other companies. everyone has to assess for themselves, i just don't understand the fundamentals here, it begs keeping a close watch.

    Sentiment: Hold

  • this stock won't be worth holding. we've held for almost two years, paid around 6 for it, and if it weren't for the dividends we'd be negative. while it is true the dividend has remained constant for the last 8 quarters, if they
    drop it then we'll have to look elsewhere for our income.

    Sentiment: Hold

  • Reply to

    And it will drop another 60 cents

    by lowcientoe Aug 18, 2014 7:54 PM
    lowcientoe lowcientoe Aug 19, 2014 3:06 PM Flag

    Hey, cowden, the "option" I was referring to was the option shareholders had a while back to buy additional shares at a price of $17. At the time OXLC was trading over $18 a share. I and a few others advised waiting to see what the s/p action would do in the future. The s/p has not held the $17 price for any protracted period since then. And this recent drop is not related to the ex-dividend date. That is on Sept. 12, and it WILL drop 60 cents on that date, regardless of any rise or drop previous. Try and keep up and don't post that people don't know what they're saying until you yourself understand the post.

    Sentiment: Hold

  • On Sept. 12, the ex-dividend date! How are those $17 options looking now?
    However, it does pay a killer divvy.

    Sentiment: Hold

  • lowcientoe by lowcientoe Jul 28, 2014 11:53 PM Flag

    Like a lot here, I have not been able to find a lot of research on this company, other than analyst's opinions and dividend history, that is why I maintain my initial position but did not subscribe to the 17 per share offering a while back. I think this one needs constant monitoring, it may yet prove to be a jewel, or not, but I have not seen anything alarming so far. The wide price swings have seemed to come with the territory though I have yet to
    figure out why. More concerning is the general trend recently toward lower and lower closing prices. I think a key indicator will be the next dividend announcement. From what I can gather at 27 cents earnings they are not
    meeting their divvys, but I could be wrong. Time will tell, just keep a sharp eye on them. We're not married to any stock.....

NMM
16.64+0.30(+1.84%)Oct 21 4:02 PMEDT

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