Navios Maritime Partners is showing some signs of rebirth...
Updated
Navios Maritime Partners L.P. is an international owner and operator of dry cargo vessels.
This lately move of the stock is because of a loan issued by big banks.
Morgan Stanley Senior Funding, Inc., JPMorgan Chase Bank, N.A. and Bank of America Merrill Lynch acted as joint lead arrangers and joint book-runners for the syndication of the Term Loan B facility. S. Goldman Advisors, LLC, DVB Capital Markets LLC, ABN AMRO Capital USA LLC, Credit Agricole Corporate and Investment Bank and Clarksons Platou Securities, Inc. acted as co-managers. JPMorgan Chase Bank, N.A. and Bank of America Merrill Lynch acted as syndication agents.
The Debt\Equity ratio despite this loan is around 1.It's pretty good especially for this sector.
Income statement,balance sheet and cash flow statement are becoming more attractive year by year.
The intrinsic value of the company based on last 10 years financials sheets and used the Discount Cash Flow (DCF) Model with preservative variables is around 20$ per stock.
The seaborne transportation services of drybulk commodities forecast is really good for the next 5 years consider global GDP growth and bouncing from the crisis of the oversupply vessels.
Navios Maritime Partners recently broke the 200MA and the channel it was following since 1/01/2016 with great volume.
Short-trem targets 2.85 and 3.30
Long-term 11$
Disclosure: I am/we are long NMM.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.i have no business relationship with any company whose stock is mentioned in this article.
Happy Trading Guys
This lately move of the stock is because of a loan issued by big banks.
Morgan Stanley Senior Funding, Inc., JPMorgan Chase Bank, N.A. and Bank of America Merrill Lynch acted as joint lead arrangers and joint book-runners for the syndication of the Term Loan B facility. S. Goldman Advisors, LLC, DVB Capital Markets LLC, ABN AMRO Capital USA LLC, Credit Agricole Corporate and Investment Bank and Clarksons Platou Securities, Inc. acted as co-managers. JPMorgan Chase Bank, N.A. and Bank of America Merrill Lynch acted as syndication agents.
The Debt\Equity ratio despite this loan is around 1.It's pretty good especially for this sector.
Income statement,balance sheet and cash flow statement are becoming more attractive year by year.
The intrinsic value of the company based on last 10 years financials sheets and used the Discount Cash Flow (DCF) Model with preservative variables is around 20$ per stock.
The seaborne transportation services of drybulk commodities forecast is really good for the next 5 years consider global GDP growth and bouncing from the crisis of the oversupply vessels.
Navios Maritime Partners recently broke the 200MA and the channel it was following since 1/01/2016 with great volume.
Short-trem targets 2.85 and 3.30
Long-term 11$
Disclosure: I am/we are long NMM.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.i have no business relationship with any company whose stock is mentioned in this article.
Happy Trading Guys
Note
Still in slightly upside channel.Note
Nice long entry at these levels.
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