Zacks is the worst!
I always do the opposite of what they say. I bought CVRR when they made it their #1 Sell - I'm up 30% this year. When they slammed NMM, I bought it for another 30%!
I'd be surprised at a dividend raise. The new ships are needed to off-set loses in the Bulkers. However, that said, I was wrong about not crossing $13 today.
I do stand by one thing I have said; and that is that anyone was a FOOL to sell NMM below $10!
Since Chinese wages have risen, manufacturing has been rushing back to Mexico. TPP should be much worse for Mexico than us. That said, since the multi-nationals are behind TPP, it can't be good for the average US worker.
As a member of the working class, how can I not fear that TPP will be just as bad as NAFTA or GAFTA? As a member of the investing class, holding both NM and NMM, I will benefit overall.
CBPO and BABA are the toys of large institutional investors and operate under different rules for now at least. One doesn't expect BABA to just suddenly go dark. Meanwhile it looks as if TPI and SKBI will be next and I still expect BSPM to follow eventually.
No would be my guess. I expect to see sideways action for at least a few days, if not a week, before the sellers have sold. Of course I'd love to be wrong!
Well it certainly looks as though Zack's has done it again. They must have known about the acquisition announcement and tried to shake the tree for their friends.
Actually it looks as if they, just like SKBI, will be the next to get delisted leaving investors with almost nothing just like CSKI, LTUS, WKBT and so many others. Maybe you should read the news:
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On February 24, 2015, we received a notice from the NYSE MKT Staff indicating that the Company is below certain of the continued listing standards of the NYSE MKT (the "Exchange") as set forth in Sections 134 and 1101 of the NYSE MKT Company Guide, due to the delay in filing its Quarterly Report on Form 10-Q for the period ended December 31, 2014 (the "Form 10-Q") beyond the extended filing due date of February 23, 2015. Currently the Company is working diligently with the auditor to compile and disseminate the information required to be included in the Form 10-Q, as well as the required review of the Company's financial information. The Company expects to file the Form 10-Q as soon as possible and before the deadline set by the Exchange.
If we can break through overhead resistance and take out all the sellers @$13.09 ... what then?
Once the big seller @$10 finally got out, we shot up to the next big seller @$13. Too bad for us that the next big seller after that is @$14. Still a 40% gain for those of us buying under $10. Not bad!
We now have the normal run going up to the distribution pulling us ahead, while the recent acquisition announcement is pushing from behind. Hopefully in the next two weeks those two engines will propel us through the $13 roof.
If NMM takes a third; that would equate as a 15% fleet expansion for them. One then wonders if earnings would also go up 15%? If so, the distribution is not only safe, but could be increased.
14 new ships and another company Navios JV. For us the question is how much will this boost our earnings?
Guess we wont find out until the third or fourth quarter.
BSPM actually isn't a Chinese company. It's an empty shell. Wang is running a Chinese company in China that is totally separate from the empty shell. Whenever Wang decides to go dark and abandon the empty shell he can and US investors will get nothing but maybe a few cents if anything. See LTUS, WKBT, CSKI and etc.
Neither US nor Chinese law is on the side of those who foolishly invest in empty shell companies.
You seem to be forgetting the early days, before we knew they were all Chiscams, before the Grey Market and all that. The SEC did zero to protect US investors, except for issuing a warning after the damage had been done. And now they continue to allow Chinese companies and US lawyers to play the same game over and over to scam ill informed US investors.
Not going to happen. The US empty shell companies trading on US exchanges are in no way Chinese stocks. The real villain is the SEC who should have put a stop to illegal VIEs and such by now.
Zacks put out a SELL on NM today. That means that NM must be a buy since they are always wrong. They put out a SELL on NMM @$10 and now its @$12.60. They put out a sell on CVRR @$14 and now its @$21.73.
One almost suspects that they are a tool of hedge funds who attempt to scare the small investor into selling when they want to buy.
Although you are right in saying that scammers exist in the US too, the problem is that in China the percent is much higher. Over half of the stocks that are structured like BSPM have already been delisted.
I urge you to in fact do your homework. The Chinese legal system will not be on your side if and when Wang decides to walk off with all the assets. They will not defend US investors.