Company Background Navios Maritime Holdings Inc. is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities, including iron ore, coal and grain. During the year ended December 31, 2007, Navios Holdings’ core fleet (excluding Horamar), the average age of which is approximately 4.3 years, consisted of a total of 62 vessels, aggregating approximately six million deadweight tons (dwt). Navios Holdings owns 10 modern Ultra Handymax (50,000-55,000 dwt), five Panamax (70,000-83,000 dwt), one Capesize (over 100,000 dwt) and one Handysize (10,000-30,000 dwt) Product tanker vessels. It also time charters in and operates a fleet of five Ultra-Handymax, five Handysize, 11 Panamax, seven Kamsarmax and nine Capesize vessels under long-term time charters, 17 of which are in operation, with the remaining 20 scheduled for delivery on various dates up to January 2013.
Posted by invester on :
Navios has revenues of over $300 million and the stock trades at a mere $250 million market cap. Not just that, but they are actually the largest Drybulk shipper with over 70 vessels to date. The Baltic index bounced and is now soaring. This may be the cheapest stock, in one of the best sectors I've seen in a while.
Posted by invester on :
John Fredriksen of Golden Ocean group just bought 5.2 million shares on NM.
CUSIP NO. 029107823 SCHEDULE 13D
-------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON Golden Ocean Group Limited
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
-------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x] (b) [ ]
-------------------------------------------------------------------------------- 3. SEC USE ONLY
-------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC
-------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda
-------------------------------------------------------------------------------- 7. SOLE VOTING POWER -0-
NUMBER OF ------------------------------------------------------------ SHARES 8. SHARED VOTING POWER 5,275,145 BENEFICIALLY OWNED BY EACH ------------------------------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
------------------------------------------------------------- 10. SHARED DISPOSITIVE POWER 5,275,145
-------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,275,145
-------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
-------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2%
-------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO
--------------------------------------------------------------------------------
Posted by Free Muney on :
looking good invester. wish i checked the bb earlier..... good find.
Posted by invester on :
quote:Originally posted by Free Muney: looking good invester. wish i checked the bb earlier..... good find.
Thanks. The IPO was for $10, now trading at $2.60. This is the largest shipper. They have over 6 million DWT. DRYS only has 4 million DWT. DRYS has 50% less capacity, but it trades at a market cap of 50% more. IMO, both will do very well with the new contracts for Iron ore in China, as well as Europe. The Baltic Index is up 100% from the low set last week.
Posted by invester on :
Valuation Financial Strength P/E excluding extraordinary items (TTM) 0.8x P/E Normalized (MRFY) 2.2x P/Sales (TTM) 0.2x P/Tangible book (MRQ) 0.7x P/Cash Flow (TTM) 0.6x Current Ratio (MRQ) 1.63 Quick Ratio (MRQ) 1.63 LT Debt/Equity (MRQ) 0.93 Total Debt/Equity (MRQ) 1.17 Payout Ratio (TTM) 11.84
Management Effectiveness Growth Return on Assets (TTM) 16.1% Return on Equity (TTM) 46.0% Return on Investments (TTM) 20.7% Sales (5Yr) -- Earnings Per Share (EPS)(TTM) 352.7% Dividend Growth (5Yr) --
Income Statement Per Share Data Revenue (MRQ) 371.3M EBITDA (MRQ) 25.6M Earnings before taxes (MRQ) 31.8M Net Income (MRQ) 30.7M Normalized earnings before taxes (MRQ) 6.9M Normalized Net Income (MRQ) 30.7M EPS excluding extraordinary items (TTM) 2.92 EPS Normalized (MRFY) 1.03 Rev per share (TTM) 12.51 BV per share (MRQ) 8.02 Tangible BV per share (MRQ) 3.30 Cash per share (MRQ) 3.54 Cash flow per share (TTM) 3.42 Indicated Annual Dividend (US) 0.36
Short Interest
Posted by invester on :
There also storing oil on containers as there is too much supply for delivery. Couple this with China, and you have a higher DB Index.
Posted by invester on :
Gapping to $3.10!!!! The Baltic Dry Index is soaring.
Posted by invester on :
Took some profits. 175% gain on the option.
Posted by I Like To Win, But No. on :
Where Do You Think This is Going To Be Long Term?
Posted by invester on :
quote:Originally posted by I Like To Win, But No.: Where Do You Think This is Going To Be Long Term?
$15 within 6 months
Posted by invester on :
Now $4
Posted by invester on :
WOW!!!!!! I just noticed this.They are trading at there CASH VALUE!!!! Cash value $3.54
Per Share Data Revenue (MRQ) 371.3M EBITDA (MRQ) 25.6M Earnings before taxes (MRQ) 31.8M Net Income (MRQ) 30.7M Normalized earnings before taxes (MRQ) 6.9M Normalized Net Income (MRQ) 30.7M EPS excluding extraordinary items (TTM) 2.92 EPS Normalized (MRFY) 1.03 Rev per share (TTM) 12.51 BV per share (MRQ) 8.02 Tangible BV per share (MRQ) 3.30 Cash per share (MRQ) 3.54 Cash flow per share (TTM) 3.42 Indicated Annual Dividend (US) 0.36
Posted by invester on :
One other thing, there boats are already leased 74% in 2009 and 54% in 2010. All at MUCH higher BDI prices. $30,000 per day and up.
Posted by Shego on :
I like this stock. Looks like it might drop a bit in the next few trading days, if it does Ill snag it
Posted by invester on :
Stock trades at its cash value, thus a major takeover target. I wouldn't wait to long. They have over $2 billion in assets as well. 10% dividend. This could be as much as 1000% higher just for the cash and assets, not to mention the business that’s yielding almost 300% growth.
Posted by invester on :
Looks like the mid $5's to $6 on the next rise.
Posted by invester on :
$3.29 should hit $5 or so on the next leg.
Posted by invester on :
Up 11%
Posted by invester on :
Hedge fund redemption and tax loss selling should be done in the market. We should see a hard bounce over January with a slight retrace following in February.
Posted by invester on :
$3.49
Posted by invester on :
$3.51
Posted by invester on :
$3.62 close gapped bid at $3.70
Posted by invester on :
$3.94
Posted by Slimpickens on :
Nice find so far invester, I'm in at 3.15 since Dec. 31.
Posted by invester on :
quote:Originally posted by Slimpickens: Nice find so far invester, I'm in at 3.15 since Dec. 31.
You'll see $10-$15 shortly. DBI is on its way back up. With China, Europe, India and the USA expanding with infrastructure stimulus, Iron Ore along with all commodities will rocket. Couple that with a weak dollar and you have a big time winner. Oh ya, and its trading at its cash value. Unbelievable play.
DRYS $15.05. Market cap $950 Million with 4 million Dead Weight Tons
NM $3.91 Market cap $416 Million With 6 million Dead Weight Tons and trades at its cash value. Navious has 50% more capacity but trades at more than a 50% discount to Dryships. Unbelievable value here.
Posted by invester on :
Thus, if priced equal to current DRYS level, this should be at $12, still devaluing the company by 50% to its cash+asset value of roughly $24. Then what is the business worth? $5, $10? The company is valued at an easy $30 IMHO.
Posted by invester on :
Cramer just said that Chinas infrastructure plan is planning on purchasing all the Iron Ore around the world in its current state. Dry Bulk Shippers!!!! NM the biggest.
Posted by lostone on :
at what price do you expect a pull back in the short run? you think it will run just like DRYS?
Posted by invester on :
It keeps hitting its head at $4.05. Alcoa didn’t help today. Should put pressure on the whole market. It will break by next week and close in the $6 range.
Posted by invester on :
i picked up at 3.55 today.. should have waited, but i hope it will bounce tomorrow ..
Posted by invester on :
quote:Originally posted by lostone: i picked up at 3.55 today.. should have waited, but i hope it will bounce tomorrow ..
This is the one. Iron Ore is going to go through the roof within the next 6 months due to the US, China, and EU infrastructure stimulus. Couple that with every company cutting back production. Cutting production only drives the price north. You bought at $3.55. That's there cash value. I would say that was a great buy. Posted by invester on :
NM needs some kind of PR to help it over that wall.. i realize it's more of a matter of months than today, but seeing how DRYS takes off and NM just idling by.. and volume is too low for something this attractive .. i don't get it
Posted by invester on :
The fundamentals are there. The BDI is screaming north. It can't sit down here for long.
Posted by lostone on :
i'm afraid that friday will drown the market with unemployment numbers out
Posted by invester on :
quote:Originally posted by lostone: i'm afraid that friday will drown the market with unemployment numbers out
We already got hit with the ADP unemployment of 700,000. They revised the way they calculate and I think there to high. We took a dip off that, and if the numbers are better than expected then we should fly. All the while the BDI is soaring.
Posted by invester on :
Watching fast money, they said the Citi group is buying up oil tankers to store oil on, to then sell at a later date. This company is going to get bough very soon IMO
Posted by invester on :
Now Cramer was just talking about the BDI and how the shippers should be bought. These guys are late to the game.
Posted by invester on :
All the Dry bulk shippers are soaring after hours!!!! I love being right.
Posted by invester on :
Just found this. Nice!!!
Tagging the best performance Sure, CAPS is largely about rating individual stocks, but the community also has resources for keeping track of industries and investing themes. CAPS' "tags" allow members to easily find stocks in certain industries or geographies or that share certain characteristics -- like being a "serial acquirer."
The CAPS tags also allow us to see which groups of stocks have been walloping the rest of the market. Over the past month, dry bulk shipping has topped the list with a smoking 109% return. One of those dry bulk shippers, Navios Maritime (NYSE: NM), has been rated five out of five stars by CAPS members. It recently got the nod from CAPS All-Star devilinside, who said:
Just as the economy is in a recession so is the shipping industry. [Navios Maritime] has the cash on hand as well enough long term contracts to see it through the stormy seas. It has good management that is holding shares in the company and they have activley reduced cost to see it thru. When the storm ends [Navios Maritime] will come out of it better than many of it's competiters and be positioned to take advantage to expand it's fleet at reduced costs.
Posted by lostone on :
should go up pretty good now that cramer pushing it, gonna try to hold for the mid 4's, but it has so much long term potential.. wish it could go to the 10's like DRYS
Posted by invester on :
Bid $3.90 Ask $3.95
Posted by invester on :
quote:Originally posted by invester:
quote:Originally posted by lostone: i'm afraid that friday will drown the market with unemployment numbers out
We already got hit with the ADP unemployment of 700,000. They revised the way they calculate and I think there to high. We took a dip off that, and if the numbers are better than expected then we should fly. All the while the BDI is soaring.
My exact call!!!! ADP comes out, we go down. The real jobs number better than expected we're rallying pre-market. Baltic dry index still flying!!!!!
my worry is that can it hold??.. lets hope so!
Posted by lostone on :
my god, DRYS is climbing like crazy, while NM is dropping.. typical.. hopefully it's just the open
Posted by invester on :
quote:Originally posted by lostone: my god, DRYS is climbing like crazy, while NM is dropping.. typical.. hopefully it's just the open
I'm in both, but the valuations are much more compelling for NM. It’s just not as widely known.
Posted by lostone on :
invester, out of all your picks, which one do you think has most potential starting next monday, a ranking would be nice.. thanx
Posted by invester on :
quote:Originally posted by lostone: invester, out of all your picks, which one do you think has most potential starting next monday, a ranking would be nice.. thanx
Well, you have several catalysts for all. NM has the Baltic Dry Index skyrocketing, trades at cash, and is one of the best stocks I’ve ever found. I can say the same about HOV, as it trades WAY under its cash level of $11. I also listened to the KB homes conference call in which they said California has bottomed. That is one of the most significant things I’ve heard in 2 years. Also, YRCW has amended all of its union pacts with cost savings of more than 400 million. The stock trades at about $200 million market cap. I do a hell of allot of research to find these things so to answer your question, I think there all going to run.
Posted by invester on :
$4.15
Posted by invester on :
Already up A/H
Bid $4.16 Ask $4.20
Posted by lostone on :
damn it.. i forgot i set auto sell at 4.05, i thought i did it at 4.25 .. shoot.. i hope it drops monday and i'll buy back..
Posted by invester on :
That sucks. I'm hoping it doesn't. LoL
Posted by lostone on :
i couldn't wait til it drops (it's dropping now).. so i bought some HOV and DVAX ..
Posted by lostone on :
wow, down a lot today, maybe i grab some tomorrow
Posted by sju1973 on :
I got in too early yesterday at 4.05. I have my stop loss set at 3.60. I hope that it runs through mid week.
Posted by invester on :
DRYS is plunging, i think cramer pumped it yesterday and now it's taking it's dive..
Posted by invester on :
We've got to work through the nervousness in the market. Stick with good cash position stocks. That’s why I've been doing so much research lately. They are few and far between. NM, HOV have strong cash. I think YRCW, and MGI are going to be taken over. They have an extremely low valuation for such valuable companies. Investment companies gave also been buying up shares. Blum has taken a 21% interest in MGI.
Posted by invester on :
Investor, What do you think of DRYS this week now that it is trading under 9.00 pre market today? Possible buy?
Posted by invester on :
quote:Originally posted by sju1973: Investor, What do you think of DRYS this week now that it is trading under 9.00 pre market today? Possible buy?
NO WAY. There diluting the hell out of that stock. They also may be in breach of loans. Not good for DRYS.
Posted by invester on :
And its invester with an ER. The OR was taken. LoL
Posted by invester on :
And its invester with an ER. The OR was taken. LoL
Posted by jdizz on :
i had to pick jdizz because my name was taken lol.. and i really didnt think i was going to talk on this site, so i piked a random name lol guess i was wrong. good luck today
Posted by sju1973 on :
Okay. Invester it is then, lol. I got in on DRYS at 8.98. I couldn't resist. Maybe just a short play into tomorrow though. I will see where it goes from here.
Posted by invester on :
quote:Originally posted by sju1973: Okay. Invester it is then, lol. I got in on DRYS at 8.98. I couldn't resist. Maybe just a short play into tomorrow though. I will see where it goes from here.
Hope you got out. $8.34 now
Posted by sju1973 on :
You were probably right on this call. I didn't go in for much, so I will hold until tomorrow to see what happens.
YRCW took a big hit today too. Posted by invester on :
I know, right before the earnings report. I think it’s baked into the cake though. The market cap of YRC is at an unbelievable level. We shall see after the bell.
Posted by I Like To Win, But No. on :
What the heck happened Here? 4.89
Posted by invester on :
I think this one will breakout when it closes around 4.20 or so.
Posted by invester on :
Good call, close $4.24
Posted by sju1973 on :
This broke through resistance when it closed yesterday above 4.20. If it closes today again above 4.20+ and confirms a breakout, It's quite possible that this will trend upward throughout next week! IMO
Posted by sju1973 on :
This one is moving nicely now. I think it will only go higher once the stimulus is unveiled. Infrastructure is a big part of the stimulus plan. Watch the infrastructure stocks over the next week or two!
Posted by sju1973 on :
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