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The CEO, Angelina Frangiou, is from a line of shippers and got her experience working in he father's business. She is the founder of the company. She bought an old freighter, refurbed it and voila, in business. Several years later she is on the radar and doing very well. The video interview I saw was impressive. She is committed and shows a burning interest in her business.
Solid company, apparently maintaining solid dividend for 2014. Not good free cash flow and debt is fairly high in comparison. When you take into account the dividend, it should outperform the market.
Excellent company, increasing cash flow, excellent margins, huge dividend, and on top of that, low valuation. Bargain!
Dry bulk shipping will continue to grow as the location disparity between population growth and products in this category also grow.
High on profitability, low on price.
NMM is a Greek shipping corp which has debt, pays a $1.77 dividend which is a 13% yield. As the global economy begins to grow this dry goods shipping corp should be a winner. The dividend also helps in hard times.
Great didivend play; dryship cargo vewssels are a slow but consistent growth industry
Shipping is starting to come back and I believe we'll see results over the long-term. The yield is great but what is a key fact for me is that they have $192 million in contracted revenue booked for 2012. I'm buying.
Should at least be good through EOY 2013. Pays a fantastic dividend, will probably add a small amount of it to real portfolio.
Excellent fundamentals for such a small, young company. Run by a CEO with vast experience.
I own a about 300 shares of this, and wanted to buy some more yesterday at anything below $11.72 At that price it is yielding 15%. The company just raised its dividend a penny a quarter, and all of its ships are chartered for at least 2 more years. That should allow the economy enough time to recover, and you a chance to get a great yield. the other great thing is you can hold this in an IRA account becasue of the way they are classified as far as their taxes go.
I think it's down currently because the Greek Economy is in the dumps. This is shortsighted because Navios is not dependent on the Greek economy. I'll happily rake in that 10% distribution for the forseeable future.I have NMM as about 4% of the income half of my trust fund.
Good 3 Yr EPS & Revenue Growth.
An international owner and operator of drybulk carriers
This will be a $25 stock in 18 months. Made my bet on it today.
Shipping will be on the rise as the economy recovers, Navios will benefit as new ships are paid down.And more long-term contracts are picked up.
Betting on a global economic recovery within 2010. Demand for resources and energy will first feel the effect than manufacturing and construction.LIST OF DRY BULK COMMODITIES: *coal*grain (wheat, maize, rice, barley, oats, rye, sorghum, soybeans, etc.)*iron (ferrous & non-ferrous ores, ferroalloys, pig iron, scrap metal, pelletized taconite), etc.)*bauxite*wood chips*cement*chemicals (fertilizer, plastic granules & pellets, resin powder, synthetic fiber, etc.)*dry edibles (for animals or humans: alfalfa pellets, citrus pellets, livestock feed, flour, peanuts, raw or refined sugar, seeds, starches, etc.)*bulk minerals (sand & gravel, copper, limestone, salt, etc.)
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Red Raider is Lord
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