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A maritime enterprise and operates a fleet of owned Ultra Handymax and Panamax vessels and a fleet of time chartered Panamax and Ultra Handymax vessels that are employed to provide transportation of bulk commodities.
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Counterfeit399 (< 20) Submitted: 1/30/08 5:06 PM : Start Price: $10.46 NM Score: -47.08
Growing countries like China and India are demanding large quantities of recourses to help expand their infrastructures. Since China and India do not have all of the materials they need, they will need to get it from somewhere. However, it is not where they get it that is important to this company, it is the fact that these materials need to be shipped and Navios is in the business of shipping. How Convenient!Not only is there large earnings growth ahead Navios those future earnings come at a deep discount. The stock is down 40% from its high set in October of last year. It has a forward PE of 7.8 and analysts expect the company's earnings to grow 66% per year for the next five years, which gives it a very low PEG of 0.15. Add a nice 2.8% dividend, and this company becomes a recipe for long time rewards.
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