Navios Maritime Holdings, Inc. (NYSE:NM)

blesto (31.72) Submitted: 8/18/2012 10:20:36 PM : Start Price: $3.35 NM Score: +28.75

Made outperform pick on 10/24/2011 I've owned them since late 2010. Bought several more times since. I believe I've successfully caught a falling knife by the hilt.
Navios kept paying dividends right through the worst of 2008 even as its stock dove to unprecedented lows, a good sign I think. They will be one of the survivors. The turnaround of the overall shipping sector still has a way to go.
I've enjoyed raking in the better than 6% divi yield. My cost basis is about $4.28 and using;
http://wiki.fool.com/The_Graham_Number
Formula: Fair value=Sqrt(22.5*EPS*BV) I expanded it a little by also using EPS Normalized and Tangible BV
My current Graham Number Valuation Range for NM: $8.07 to $13.20

Yep. A solid (so far) dividend with a potential nice upside from my cost basis. I think I'll continue to hold, maybe add some more, and maybe get some positive CAPS points for a change.