Navios Maritime Holdings, Inc. (NM)

RainerWysocki (< 20) Submitted: 10/18/07 1:13 PM

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DRYS and Golden Ocean are the best stock performers so far. Although DRYS seems expensive they have the best growth potential. Cramer likes DSX and GNK as a more risky alternative to PRGN and OCNF (Mad Money Oct 17th 2007).
I am wondering how does NM fit in there? What's your opinion?

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RainerWysocki (< 20) Submitted: 10/18/07 1:19 PM

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DRYS is the best performing stock so far. Golden Ocean is not bad either but you need to go into the Oslo stock market. Cramer likes DSX and GNK as more speculative picks to PRGN and OCNF (Mad Money Oct 17th). EGLE just been downgraged by UBS.
How is NM a more attractive investment today as compared to DRYS and EXM or DSX?
Would love to have your opinion.
Tks

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imacg5 (< 20) Submitted: 10/24/07 7:43 PM

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I own DRYS,EXM,DSX,NM.
They have been in shipping for years but just became public in the last few years, this means that they bought most of their ships before the recent explosion in the cost of ships. OCNF and PRGN just came public this year and used the proceeds to buy ships at going rates. NM has great value in the fact that they purchased the Kleimar fleet last year, the value of those ships today is three times what they paid for them. An example is the purchase options they have on two Capesize ships for $37.5 million each, Recently DRYS paid $147 million for one Cape. However NM charters their fleet out for frustratingly low rates, 5 year charters on a Panamax at $30,000 per day, while DRYS has their ships on spot rates (short term) Panamax for $90,000 per day. That is why DRYS stock price has risen much higher than NM. DRYS tooka chance that the Baltic Dry Index would triple this past year due to supply and demand. NM,OCNF,and PRGN took a more conservative approach for long term stability, DRYS is making more money now, and if they see a change in the supply and demand ratio, they could always lock in those long term rates. Don't pay attention to the listed PE of DRYS, They will earn $20 per share in 2008.

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UCLAgrdstnt (90.73) Submitted: 1/14/08 1:34 PM

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Interesting take. I think the shippers' stock have been beaten up too much on the fear of a slowing global economy. I think there will be slowing but that the prices for some have gone down too much.

It would seem that DRYS would be more affected by an increase in ship production by China or a slowing global econom. But if things aren't as bad as they seem then DRYS with a forward P/E of 3.34 (yahoo) looks ridiculously cheap.

What's your take on the shippers' becoming so cheap and do you like NM or DRYS the most here or you are banking equally on both?

I have not invested too much time into learning about this sector when the stocks were flying but now I am getting very interested. I would love to hear your thoughts...

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JDFortuneGroup (21.28) Submitted: 3/07/08 11:12 PM

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I am not happy with share price or how the board acts towards shareholders

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