For what it's worth . . . if I believed that NMM would go bankrupt, I'd be gone. However, with revenues at $227.5M last year, each published quarter profitable plus a fair estimate in amount of $0.15 for the 4th quarter, this common stock is oversold. Even if the current annual dividend of $0.85, is reduced by half, the value would support a price of at least $6.00 per share. .
If the dividend is not cut, NMM certainly presents a great purchase opportunity. Just my take on it.
Look at it this way:
You bought for the dividend. If you paid $12, or less, the reduced distributions are greater than paid by most equities. The company is financially healthy, earning every quarter. The market value of the units will recover, as before, and you collect nice distributions along the way.
I’ll stay the course, buy additional units when prudent.