Yeah, i should probably consider doing some trading also, but have just bought and held. I am still way up, so just buy more when it gets near 35. Agree it looks very up and down tradable
we're in buying range.
Or just wait until it goes back to 55, and you find out 3 months from now that Icahn bought another couple million shares all under 50
live and learn
I believe she uses a number of entities, like her company, her personally, her clients accounts, her family accounts, etc. She has owned, or does own a significant number of NNA shares also.
shouldn't matter either way
I personally think that co's being frank and open with analysts builds trust with the investment community.
I have not, but I own all three Navios publicly traded stocks. The others are NNA and NMM. NM is the parent, and holding company. The others pay larger dividends (distribution in the case of MLP NMM). Principal owner Angeliki Frangou is a US educated ex banker, and comes from a long family tradition in Greek shipping. She is very bright, and has maintained excellent relationships with banks all through the financial crisis, enabling her to buy ships at distressed prices. One of the components of NNA, NSALI, the logistics port facilities in the Amazon, will be IPO'd in the next calendar year. NNA moving into product tankers over the past 3 years was a very good far sighted move on AF's part, as now it is clear that US shale oil will result in the need to move and export a lot more refined oil products by sea.
Spend some time at each component companies websites, download the quarterly and annual reports, and powerpoint presentations, read or listen to the quarterly conference calls, and keep asking questions. There are some very competent and more analytical posters than me on all three stocks boards. Bottom line IMO: NM is the best managed shipping company which is publicly traded, at least in the dry bulk and product tanker areas. Diana is more conservative, the rest more aggressive. NM companies are largely on longer term charters, but AF has gotten profit sharing on many more recent charters. So the upside exists as rates improve, but the downside is limited, compared to those more exposed to spot rates, and as far as any risk of BK, which I think does not exist in any reasonable view.
sure makes AF's entry into product tankers with NNA seem very intuitive, and early. She and Navios were already building up their tanker fleet well before many of these others joined in. We will do well longterm with this management team, as we all thought
Long NNA, NM, NMM
can someone give me the bull case here?
Disclosure: I own SDRL and RIG
What they're confused about is the difference between NMM (Navios Partners) and NM ( Navios Maritime, the parent). A price target of $10 on NM makes sense with a Buy rating. A price target of $10 on NMM (Navios Partners) implies a 40% drop from current price of $16.29.