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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.
Posts: 4381 | From: houston | Registered: Mar 2006
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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.
Posts: 4381 | From: houston | Registered: Mar 2006
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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.
Posts: 4381 | From: houston | Registered: Mar 2006
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at what price do you expect a pull back in the short run? you think it will run just like DRYS?
Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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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.
Posts: 4381 | From: houston | Registered: Mar 2006
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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. Posts: 4381 | From: houston | Registered: Mar 2006
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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
Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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The fundamentals are there. The BDI is screaming north. It can't sit down here for long.
Posts: 4381 | From: houston | Registered: Mar 2006
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i'm afraid that friday will drown the market with unemployment numbers out
Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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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.
Posts: 4381 | From: houston | Registered: Mar 2006
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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
Posts: 4381 | From: houston | Registered: Mar 2006
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Now Cramer was just talking about the BDI and how the shippers should be bought. These guys are late to the game.
Posts: 4381 | From: houston | Registered: Mar 2006
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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.
Posts: 4381 | From: houston | Registered: Mar 2006
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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
Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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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!!!!!
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.
Posts: 4381 | From: houston | Registered: Mar 2006
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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.
Posts: 4381 | From: houston | Registered: Mar 2006
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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..
Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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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.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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