As if no one can figure it out. 2.20 is major resistance! Can we break through this level? I sure hope at some point we can!
I am no genius, but based on volume and price fluctuation, I think we are seeing healthy accretion. I know this is obvious, but I am encouraged, for the first time, in a long time.
BDI at 1470, Also a surge in option interest today for the March 2.50 calls. Looks like someone is betting on the uptrend. Above 2.50 by March 2018... Probably a no brainier if the BDI can break and hold over 1500.
You have to be nuts to sell at 2.13. Will be $5++ in 6 months.
So..I am not a "technicals" person and know just enough to make myself look really stupid most of the time..so I stick to fundamentals..but..if you visualize a dam with a river running into to it and the river is putting in more water than the spillway is letting out,I think we all know the dam eventually breaks and the river water comes rushing out. NMM is the dam, the river is revenues they are making. The dam is going to break fairly soon..IMHO. GLTA trader
AF why NAP has 24% Div? NMM still zip?
So board has been pretty quite. I am fully in and waiting. I added a few weeks back to my position after I had sold before the last qtr report. When we got that blah report and the stock did not move. I think that is a great sign of a bottom. Only one question on the CC. That was back around 1.80. I thing we will have a slow grind up. One day when they decide to pay a dividend we will hopefully get the pop that put's NMM back on the Map.
Taking the money. Market is irrationally up today, given N.Korea and other factors. Going to wait for the next smackdown to buy in again.
Navios Maritime Containers Inc. (“Navios Containers”), a growth vehicle dedicated to the container sector, announced today that it has agreed with investors to sell 10.0 million of its common shares for an aggregate of $50.0 million of gross proceeds at a subscription price of $5.0 per common share. Navios Containers intends to use the proceeds for vessel acquisitions, working capital and general corporate purposes. The offering is expected to close on August 29, 2017.
So this dilutes NMM ownership of Navios Containers to about what level? But also investment in more containers might mean more profit for NMM? Thoughts?
NM's report was not spectacular but was not horrible either. Probably the most important take-away was the VALE contract is starting to pay off and will really start to "ka-ching" in the 4th quarter. The report was positive for NMM in that it does not appear NM will have to raid NMM's piggy bank too badly if at all. Some thoughts from a SA contributor that makes me worry a little..NMM actually diluted us a little more for $1.85 and this contributor feels AF may seek some more dilution before she starts up a distribution again..more ships. I am not sure this is the case but I also can't really figure out what she did with the 2.2M this small offering raised..we probably wont know until the next report. As I thought, BDI taking a breather and I think we may see some more drops before it starts to climb again for the fall season. AF still did do a good job if she got some of the open days filled these last few weeks..this should be a positive for future cash flow. One other post I can't verify,again from a SA contributor, and that is that S&PGR has upgraded NMM to a B+ rating and according to the post it is because they now see a clear path to a near future distribution. I can't find this so I am not sure where the SA person found it..a little help would be appreciated if anyone else can. So..I guess just be patient for a few more months..I have waited a long time for this to turn around..I think "happy times" are getting closer. GLTA trader
Do you think this thing is done selling? Showing us a buy signal now on NMM? if you guys have questions you should ask Awe-Som.e.Sto-cks.. They often respond to my emails which is helpful.
BDI is up, 1247, and it is still summer. Break 1300 and that will be a 3-year high -- possible breakout this fall, historically the high for BDI. Perhaps AF will book some charters then? AFAIK, that's how we kick the NMM earnings machine into high gear and get our dividend back.
Creditors get just 12 cents in the dollar as Rickmers Trust winds up -
Lenders and noteholders in bust Rickmers Trust Management will get back just 12 cents for every dollar they invested in the container ship leasor. The Bertram Rickmers-controlled Singapore outfit revealed Tuesday that it has completed the sale of its
Preferred shares: there is an issue here. For 3 weeks in a row the ps have trended up strongly. Yet, equity in all the navios is in the dumpsters. This makes no sense. If preferred holders believe their remaining shares are going to kosher equity should be rallying even more.
The rise in BDI has just been too strong for how little the stock has moved... I broke my own rule and bought more today. Still don't trust AF but I don't think even she can mess this up. I even feel that in a year or so I may have egg on my face and be singing her praises rather than questioning her choices.
You have to love the BDI rise recently. Hopefully NMM gets some long term contracts set up this quarter.
Other bulkers are running.. salt, sb, sblk, etc. It is just anything associated with AF that is -and will continue to be- in the dumpsters. She #$%$ up people.
I think NMM might have reached its upward limit and that a pullback may be possible. Not sure how Awe.Some.Sto-ck.s finds all these incredible trade ideas but im happy.