The Chinese company may well be worth $10, but you can't own it. All you can do is buy an empty US shell that entitles you to zip in China.
You are thinking way ahead of me. I Bought under $10 for the 18% dividend while only thinking that others with the same facts as I, were willing to pay over $13.
I doubt that they were happy about buying @$13.09 and then watching as the stock dropped below $10. Now, after three months, they may have the change to break even.
I didn't know this did you?
"Modern container ships can transport goods for about net 17 cents per container-mile, compared to semi-trailer trucks that do it for net $2.40, including the cost of the locomotion mode as well as operating costs in both instances."
No wonder world-wide trade is only going to continue to grow.
If Angeliki can continue to manage NMM through the current crisis; we will be "sitting on the dock of the bay watching the tide roll away" while counting our cash in a few years.
DBIY, although off the bottom, is still near its lows. Times are indeed difficult. However, after shorting stocks in 2008, I switched to buying in 2009. Maybe I'm just wishful, but maybe not; was buying NMM under $10 just as smart as buying stocks in 2009?
I concur ... to use a well worn-out phrase.
Who cares what target Analysts set - be they good or bad?
Who cares what the technicals say ... unless they are trading NMM as I am now trading NM in its stead?
In the end, it is, in the end, as the German's might well frame it --- will new "revenue contributions" off-set the losses of older "revenue contributions?"
A lot of that has to do with one's faith in Angeliki. However, as the Russian's might threaten --- one only has to exercise one's faith from one quarter to another!
Despite the double bottom pattern; I still believe that there are disgruntled buyers who will become sellers in droves @$13.09. Therefore, I am quite happy to see the stock bounce around between say $11.50 and $12.50.
Maybe $13.09 can be taken out next month on the run up to the dividend. We'll see I guess.
We know about our own huge trade March 20th on options expiration. But did you know that our sister companies are also having mysterious large block trades too?
Yesterday it was NM, and today it is NNA. It looks like big institutions are swapping shares and who knows if that is ultimately good or bad?
I'll be happy if it stays @$12 forever. That's over a 20% gain for me, so I can't complain. And I really can't complain about the 18% distribution I'll be getting for years to come.
Dang - looks like no cheap $3.60 NM shares for me. The huge dump there evidently marked a bottom just as it did here with NMM. Maybe $4 is the low.
Huge share dump in NM today. Who are these people that just dump huge blocks into illiquid markets?
I'd like to get back into NM under $3.60, so I hope they dump more.