My guess is that NNA is due for a pullback in the short-run. Not sure how awe-someSTOCKS finds all these incredible trade ideas but im happy.
Wow earnings came in right at the estimate. I looked back on prior earnings and it seems this stock has never had a "beat" on estimates and seems to be trending downward each quarter lately. I expect many to jump ship after the next ex div in June.
Tanker ship scrapping is starting to pick up. Last year ship owners scrapped 1.08 ships per week and this year they are averaging 1.611 ships per week. That comes out to be about 50% increase in tanker scrapping. Hopefully this will turn the charter rates up. I know the ship commissioning has been high. Don't forget the water treatment regulations coming this year and the sulfur regulations in 2020. The regulations should push more ships to the scrap yard.
Navios Maritime Acquisition Co NYSE $NNA Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.4 In other words, the correlation coefficient of the other stocks
See what I did there with "Jump Ship"... yeah not so funny for current shareholders though.
A Yahoo! user
Drys is a black hole for any investorz funds.. beware.. buy if and you will be reverse split and diluted out of your money.. better cos are ship shipw nm nmm nna eurn and dac... imo
Do you think this thing is done selling? Showing us a buy signal now on NNA? the other week awesomestoc-ks alerted this company i think. google them .
Who says NNA isn't poised for potentially massive upward movement? I started receiving notifications from aawesomestocks the other week and so far they have presented interesting new trade ideas.
All green on my screen today except NNA of course. I think I am better off pulling out and reinvesting in a stock that can appreciate in value. Its not hard to find one nowadays.
nna charged 6000, 7000, dollars a day for 30 tankers, and 9500 dollars a day for 8 VLCC, management fee, about 20 mil a month, what does NAP pay. NM IS WAY OUT LINE, NNA SHOULD BE 10 A SHARE, AND PAY A LOT BIGGER DIVIDEND
This stock is always so quick to drop but takes forever to rise. Yea Yea I know consistent 5 cent dividend. It would be nice to see some gain for a change. Why all the love for NM?
James is a pumper. He has nothing to show.....He works for one of the other pumper networks..............
That was a very poor estimate from Zacks. EPS last year was .13, so .11 isn't something to write home about. Just better than estimates. NNA is a solid dividend payer of .20/year. There are diversified funds paying more than that. ZTR for example. With NNA earnings decreasing yoy, can't expect growth. So, not a buy at current prices.
The company said it had profit of 11 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
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