NMM
Navios Maritime Partners LP Unit
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Shipping firms cruise towards another record year of revenue growth in 2022. Freights rate will continue to be the growth engine in 2023
Why have stocks like $NMM and other companies making $$ with low multiple not caught on with WSB?
Guys, check on this one. NMM to the moon!!!
$NMM Shipping Container Company with a P/E of 2
$NMM Shipping Container Company with a P/E of 2
Short Term and Long term Play for Container Shipping Industry
Interview with Mark Minvervini. Featured in Market Wizards by Jack Schwager | 33,554% Return over 5 years
Containership Rates Still Surging: Update & Picks
Exercising Adjusted Options on NMM (NMCI)
Stop gambling now, and start putting the odds on your side Ft. $AMC
Mentions
Tankers are down today on news of possible peace deal (again) that will not pan out (again). FRO, ECO, DHT, NMM are some good names
NMM on a tear from the marine shipping bottleneck.
Check NMM for that sweet marine shipping bottleneck price movement
NMM. has bulk and tanker exposure. is ridiculously undervalued. Fair value probably $120. they are quietly buying back ~10% of float per year
There is another reason to be bullish on tankers, particularly VLCC’s. One company, Sinokor, has been buying up as many VLCC tankers as they can. They are approaching a critical mass where soon they will be able to single-handedly cause a ‘Hunt bros’-like surge in VLCC rates. Any company with VLCC exposure will stand to benefit tremendously (ECO, FRO, NMM, TEN, TNK).
Today: - Calls: BIDU MDT TCOM NMM PDD ENR - Puts: HD BRBR Really not sure about BIDU, but we'll see.
NMM tomorrow before open https://preview.redd.it/ltgdlcmwwu1g1.jpeg?width=730&format=pjpg&auto=webp&s=32320fb92860625376f0e1542fa883744ba1b163
1. Southern Copper Corporation (SCCO) 2. First American Financial (FAF) 3. Steel Dynamics (STLD) 4. Navios Maritime (NMM) 5. Suzana (SUZ)
Given this, I’m thinking that a good play is puts on NMM and MATX. Stock prices for a lot of shipping companies spiked in 2020. Most have come back down to pre-Covid levels, but those two are still much higher than they were. I think that this trade war will result in major corrections for them.
Tankers. NMM, INSW, TEN, TNK
NMM - Navios Maritime. Bought just over a year ago and I'm up over 200%.
Buying into shipping companies with VLCCs is the play I think. I'm lookin at NMM and STNG.
Navios Maritime Partners (NMM). I noticed their Y/Y growth when they were trading at $20. Closed at ~$55 today. Wish I'd bought a lot more, but pretty happy with what I got.
>I guess because shipping is very niche? No, most likely because it's already priced in. Or, if not, then the math doesn't work out in the shippers favor if the increase in price doesn't offset the loss in volume (or increased transportation costs.....) from geopolitical volatility in the Middle East >Anyway now it looks like the cycle is gonna be a repeat of the covid-19 pandemic freight skyrocketing yet again, Again, dude, I'd like to clarify one axiom of finance that you may be in the dark about: ***past performance is not indicative of future returns*** >except this time it's the supply shortage, not a demand excess. Umm, wat? That's exactly what caused macro meyhem during covid -- demand more-or-less stayed flat (why would COVID *increase* aggregate demand......?), but WFH policies and layoffs constrained the supply-side, but I'm getting super off topic here >I tried searching up on publicly listed shipping companies but surprisingly there are very few of them. I only knew Maersk, but their stock is apparently OTP or something. I cant find their proper stock on my broker app. That's because most are in the business of shipping some fungible commodity over seas -- KNOP, TNK, DLNG, KEX, NMM, GLNG, etc. "Pureplay" marine shippers aren't really a thing, especially if you're some diversified conglomerate, it makes more sense for you to own the shipping assets rather than paying some third party a fee (and being beholden to both spot shipping rates to move your product and spot commodity prices on the underlying product you're shipping). [Here](https://imgur.com/a/8Rqn7yU) is what Factset is showing as their Marine Shipping peer comp group
Appreciate the update. Got out too a while back and added to NMM, SBLK, TRMD. My understanding from shiptwit was that the messaging around buybacks was a bit clearer this time but haven’t confirmed myself.
Anyone did the math for Newmont and has a price target? +10% realistic? !NMM
Most of them have sailed and never chase a ship that has sailed. Having said that, here’s what I own… Southern Copper Corporation (SCCO) Steel Dynamics (STLD) First American Financial (FAF) Navios Maritime (NMM)
ZIM isn't going down tomorrow. Their Q1 guidance and 2024 guidance is going to spike the stock. A turd for Q4 has been baked in for months. But go ahead and buy puts on a stock with a 30% short interest and massively favorable macro. Psssst...$NMM
Who does ZIM lease a bunch of their ships from…..Navios (NMM).
I don't have one which is probably the only reason they didn't do the same to me over NMM
I’m getting out of cash and going all in on PERI and NMM. PERI is like PE ratio of 5 and growing 35% YoY with recent guidance. Wtf. 😂 I think people going to soon realize that many tech companies are heavily oversold.
I’m going all in on PERI and NMM. Both are stupid cheap and will bounce back quickly (they always do).
NMM…stock has a PE of like 2 is making money hands over fist. Half of my net worth is in it!
NMM Fraudster CEO End of Boom for Containerships Building six containerships in S. Korea to the tune of 2.2 billion in this market environment. Things that make you go hmmmm...
I just found it manually by following a lot of companies. It's an interesting idea and I could set up a filter on my own watch lists. The issue is that you'll still need context. I singled out X because it not only has more worth than current price even with cash stripped out, but *also* has a truckload of cash. I could find a company trading below book value that has a ton of hard assets, but barely any cash, and any screener would highlight those, even though you're not actually getting much value in pure cash. You'd want to find companies that trade at discount and still have significant cash on hand. Something like FCF > (Price)/2 , and TBV - FCF > Price. That said, I'm going through my lists now (all commodities). TX (steel maker) comes up, with $12.85 FCF on $36.50 stock price, $53.55 TBV... MT (steel maker) with $8.99 FCF on $23.40 price, 55.13 TB... IPI (fertilizer) $5.44 FCF, 46.50 price, 52.08 book... DAC (maritime shipping) $4.96 FCF, $63 price, $116 book... YPF (oil) $4.23 FCF, $3.30 price, $20.50 book... GLOP (maritime shipping) $4.12 FCF, 5.60 price, $11.47 book... TECK (mining) $2.47 FCF, $31.70 price, $34.28 book... NMM (maritime shipping) $0.70 FCF, $23.88 price, $57.12 book... RIG (oil services) $0.33 FCF, $3.52 price, $16.13 book... There's a couple more I saw, particularly in micro cap, but nothing that stood out. And a lot of these I still wouldn't invest in (YPF). Some highlight the cash issue I talked about. Like Navios, has a lot of assets in the scrap value of their ships, but what does stripping out $0.70 of FCF really accomplish on a $50+ book? Book is also not always the best metric to use, especially when you leave the commodities space and move to intellectual property companies like tech. X stood out to me as a unique blend of having a lot of tangible assets, and a lot of cash. But it's an interesting way to look at companies, and something I might pay at least a little attention to.
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Funny the logic of some people. “Omg I’m adding NMM its so cheap. Its the best stock out there” ^ Amazing advice I’ll have to take a look “Here’s a great opportunity and a list of the reasons why.” ^ Ew did you pay to write this
I would buy todays Apple in its current financial state with a magical 30% dividend. I wouldn’t buy NMM when it had a 30% dividend a couple years ago.
What’s the deal with NMM? $500-600M net profit last year and they have a $900M market cap. Their growth is expected to continue, they are making great investments, and provided good guidance. Anyone understand why this company is so cheap?
Containers are piling up at Shanghai, China’s biggest port, as a Covid lockdown means truckers can’t get to the docks to pick up boxes. Ships queuing off China threaten even more delays and higher freight rates in coming months. $DAC $NMM
I also bought [NMM](https://www.reddit.com/r/wallstreetbetsOGs/comments/tqx6v8/comment/i2kiym9/?utm_source=share&utm_medium=web2x&context=3) around that time. I didn't sell SBLK when she soared the first day, and ended up with a loss. I did sell NMM for a loss when she went below her LoD, and then she recovered and made gains. Got burned by both.
Hey man, look into $GSL. I also found NMM last year, but the awful management/ownership structure holds it back. @mintzmyer on Twitter is an amazing follow for containers, dry bulk, or Tankers. He called out ZIM a long time ago and is now more bullish $GSL. He’s been on point for awhile, and I like the value on $GSL.
🎾 Conclusion to my **NMM Apr14 35c** NMM turns out to be Navios Maritime Partners. I also bought SBLK, which is Star Bulk Carriers. They're both shipping companies, and I figured there was a sector play going on. Well, the action didn't follow through, and she opened by drilling a bit. She's recovering most of that lost ground, but the setup doesn't involve drilling, so I'm out. Sold for $1.00. That's a **-16% loss**. It's not that bad, but to make it easier and keep the score honest, every loss--whether it's -5% or -100%--will count as a game lost. This first set is not looking good. **Current score: 2 - 4**
🎾 NMM Apr14 35c for $1.20 Risky, but I'm getting out if she falls below $33.45.
Caveat, I have not researched any of these companies up to this point. I am spending less than 5 minutes looking at each of them now, mainly at historical price vs historical earnings, i.e. an absolutely barebones value analysis that is not all-encompassing. * lol, C has been trash until only recently it seems. Numbers seem good now but I remember when it dropped to under $1 during 2009. Probably still a lot of mistrust there. * GNK looks good from 2016 onward. It had dogshit fundamentals before then. Cannot fault the market for crushing it pre-2016. * CMRE had consistently high earnings until...2016, when they fell off a cliff and didn't recover until just the past TTM. Ditto its stock price. * HMLP looks like a winner for further analysis. Not talking regarding your thesis, but rather regarding mine, lol. I'm looking for small-mid cap hydrocarbon companies to invest. Thanks for this unintentional tip. * OESX is a dogshit stock with literally one good quarter. Once that quarter passes 12 months, its TTM earnings will plummet. * I am familiar with NMM. Probably another stock I should be looking at. Commodities are cyclical so I am more forgiving of historically shit financials. What matters is the operating environment going forward in an era of higher oil prices. Tankers had these kind of phenomenal short term valuations back at the beginning of the Iraq War as well. They promptly skyrocketed until 2008 when they fell back to oblivion, lol. --- Anyway, from a (very) cursory glance, I would say your methodology is somewhat flawed, as you are only looking at current valuations and metrics. You need to look more closely at the historical, this is what being a value investor is all about. Not sure if you've read Security Analysis or Intelligent Investor, Ben Graham's use of the PE number is a PE number that goes back 5-15 years, not just the current calendar year. This is why Buffett is known for buying so many boring, crotchety companies like See's Candies and Fruit of the Loom, because his time horizon is typically forever and not just the current calendar year. Anyway, hope this helps and thanks for the tips...I am doing my best to get back into active investing, particularly in oil. I've been in oil since it went negative, didn't even bother to do any proper research because the thesis was such a no-brainer at the time. Now it requires a good amount of caution and due diligence. Thanks again and good luck.
I was told I’m looking at dividend stocks, but I think it’s still low, I was looking at some names that include C, GNK, CMRE, HMLP, OESX, NMM, etc.
I was told I’m looking at dividend stocks, but I think it’s still low, I was looking at some names that include C, GNK, CMRE, HMLP, OESX, NMM, etc.
Right now most Iranian oil is black market and traded on “hidden” ships usually owned by Iran. The best way to play it, in my opinion, is tankers. It’s also a good pair trade to be long both producers and tankers. If oil supply increases tankers should do better and producers down and vice versa. Right now tanker market isn’t great due to the oil cuts, but really improved due to that war. If oil comes back legally from iran then those “hidden” ships most likely start going to scrap as most buyers will need insured and ships up to date on ballast treatments. This is also a play on the Russia/Ukraine war not getting any better as some of the only buyers of Russian crude will be India and China which increases ton miles compared to EU. Best tankers are eco or ones with scrubbers. Many say the best is OET, the companies with older ships that may need to buy new ships as opposed to shareholder returns are ones like TNK and TNP. Best for upside in the product market is STNG. And then a way undervalued shipper (due to poor management) is NMM with tons of containers already locked in to give them profit this year without any contributions from their bulk and tankers. EURN is considered one of the safest but also not a ton of upside and also needs new ships. FRO is pretty highly regarded but again limited upside and then DHT who has some pretty decent long term charters. There is some great ship Twitter accounts and info if you want to dig in further
$ZIM is a decent play but most upside in shipping is currently for $SHIP if i'm not wrong , whole market is pretty volatile in this cyclical sector so might as well chase returns before the it comes tumbling down. Long $SHIP (sole position) previously $GSL , NMM , $ATCO
Shipping costs are skyrocketing but I suppose the major risk is a worldwide recession, leading to significant reductions in shipping volume. Check out the charts of shippers like NMM and DAC back in 2008 and 2015.
I bought shares of ZIM and NMM in November. I’m up 40% with both plus the Divs. So far, they have been solid.
This is an adjusted option. Zero open interest, zero volume. Ticker NMM2 Option Chain: https://www.cboe.com/delayed_quotes/nmm/quote_table Deliverable and details. https://infomemo.theocc.com/infomemos?number=49409
This is an adjusted option: [https://infomemo.theocc.com/infomemos?number=49409](https://infomemo.theocc.com/infomemos?number=49409) This put is IN the money, as you can see by the shading in your screenshot. This is determined by multiplying the spot price of NMM by 0.13. 31.08 x 0.13 = 4.03. 4.03 < 7.5, so the put is ITM. This is because the multiplier is still 100, but it's only for 13 shares. If one were to exercise this option, one would receive $750, but would sell only 13 shares of NMM, not 100.
Example is [NMM2220318P7.5](https://www.reddit.com/r/options/comments/ssux03/comment/hx09jfc/?utm_source=share&utm_medium=web2x&context=3) Is this a good or a bad analysis?
Sorry. I still don't understand. Can we use this as an actual example? Option Symbol: .NMM2220318P7.5 Ticker: NMM Close: 31.08 Expiration: 18-Mar-2022 Strike: 7.5 Drop % before ITM: 76% Bid price: 3.10 Strike to Premium Ratio: 41.33% Annualized Premium: 471.458% 5D 6M and 1Y Chart: Sideways 1M Chart: Uptrend My thoughts: I think it is almost impossible to get ITM on an Uptrend or at best Sideways trend resulting to closing the option at expiration with a profit from the premium. Is my reasoning correct?
rates are already at an all time high, the soft period for shipping is about over and prime shipping season is beginning again. https://www.harperpetersen.com/harpex https://fbx.freightos.com/ ZIM, DAC, MATX, GSL, NMM ZIM is generating $30/share in cash; 2021 revenue of twice its market cap. If you believe Russia is going to invade Ukraine and cut off Nat Gas to the EU, then FLNG is another one. MRMD for US cannabis is another low risk 'high' reward.
Not spac... but if you are looking for places actually making money. Oil & Shipping & mining printing money. NMM going to earn $4.5 in Q4 trading at $30 while Meta just posted $3.67 and was at $320. Obviously issues, but places that are making lots of money still and decent value. That being said - I still have way to many spac warrants, but at least some of these other positions are minimizing the losses.
What comps are you looking at? YTD ZIM's up 400% vs more like 100% for NMM, GOGL, KEX, MATX, SBLK... I have no idea if those are fair peers though, that's just a 5 minute google search.
ZIM, O, EAGL and BNTX (just doubled down on a smaller position). Considering buying INSW and NMM.
The profits went up because they could negotiate record daily charter rates. The only black mark is the debt but they are working around that. We have a bunch of share. With all the takeovers and mergers we also ended up with a bunch of shares of NMM.
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Dude to multiple long term and short term factors, the supply/demand balance has shifted dramatically in the container shipping industry and rates have skyrocketed to between 4-10x its average over the last ten years. Last year these companies went up multiple-fold because they are essentially printing money right now. The concern in the industry is that rates will plummet since they are historically very volatile; however, there are so many bottle necks that these rates are either leveling off or still rising to new ATHs during a time of year they traditionally regress. The market has recently seen these companies level off in SP over the last 3-6 months because of this; however, there are too many bottlenecks and no easy quick solution to fix the problem and it is likely these rates will continue to rise through 2022 before finally starting a very gradual decline to a new normal, which will likely remain elevated over historical rates for many years to come. Many of these companies are trading at a PE of between 1-4, and ZIM essentially has more cash on hand than they do market cap, which is why many have them pegged as the big winner. Bear case includes that historically the companies in this space suffer from poor management and questionable governance, so it’s worth doing your solid DD before picking any. I am personally long ZIM, DAC, and GSL, but other tickers worth looking at are NMM, ATCO, TRTN, ESEA and more.
Shipping and oils are cheap. CVE and CNQ are earnings 15% of MC in free cash flow and could buy entire float back in 4-5yrs at $65 oil. ZIM has $30 cash on balance sheet, adding $12.5 this Q and another $12.5 next q and is at $49. $NMM is at $25 but the value of the steel in their ships is worth $60. NMM you got crappy management tho. ZIM market is assuming container rates will go to $0 in 1yr
I have NMM and GSL March calls already
NMM just gonna keep rising to $264827 a share
I’m holding relatively small positions of ZIM (40 shares) and NMM (75 shares) to hopefully capitalize on this next year of huge profits. Fingers crossed that I don’t get stuck holding bags.
NMM going to go. The shipping industries are going to get carried through the next few months.
I had looked into AMKBY, NMM, and ZIM a while back. It seemed like the plays wouldn't play out because everything was stuck in the ports, and still is. And the additional revenue they would generate from top paying demands was offset by the reduced amount of throughput through the ports. ​ At this point I'd probably throw money into the Direxion 3x Bull Transportation ETF. TPOR I think it is.
What are your thoughts on NMM? My shitty broker (I'm not in the USA) didn't have ZIM for some reason but had NMM so I bought that as the next option.
I'm diversified in all these already. $AMKBY, $DAC, $ZIM, $SBLK, $NMM. I've pretty much have purchased all these almost at the top and I'm not worried. They'll all 2x or 3x. Christmas shortages will be a good pump.
You're right to question that When i initially made a post on that i had CMRE, DAC NMM and ESEA as tickers while CMRE and DAC performed well NMM and ESEA flew away I woudn't buy NMM at 30$ when i missed it at 2.50 but who the f am i
Started looking at shipping companies again after that homeland ZIM post. NMM $25 and $30 March calls have just about 150% smaller theta decay than ITM-10% OTM DAC calls
This I looked up NMM on finviz and is on 5th place in terms of market cap. Also, for the maritime shipping industry, the average P/E ratio is 4.5. Currently, both NMM and ZIM have a P/E of 2, which could mean they have room for growth.
NM has a market cap of 73 million, but they are being bought by NMM. So even if earnings are great will the stock move if people know its being bought out?
I was posting about NMM but they are both intertwined. There’s talk that they will eventually merge. NM’s earnings are due for release any day now. They should be huge.
> NMM is a very small company. It has no revenues and almost no assets, so it is hard to estimate the value of its business. But even if you assume that NMM's business will be worth $100 million in 10 years (which seems generous), then today's price would imply an absurdly high expected return on investment -- about 1,200%.
Why are the PE ratios so crazy on these? NMM has PE 1.2 Forward PE 1.7 lmao
NMM calls for earnings Wednesday
Small: $GSL I agree that shipping will have a supercycle, but I see $GSL which is a container shipping company the best pick Large: $NFLX Netflix entering the gaming industry will be a game changer. Adoption of 5G and emergence of VR combined with $NFLX platform should be a winner Growth: $SE - enormous growth potential $TCEHY - unervalued, diversified, focused on gaming, AR, VR, fintech $NMM - one more shipping stock which should benefit from the shipping supercycle
ZIM NMM GNK is what I own.
Thinking about investing in containership stocks like NMM, and GSL. Would these be some good stocks to invest in? Or am I too late to get in since they're already pretty high
A couple things still underpriced that I’m in besides SPACs. I agree a lot of money to be made in SPACs and some long term value but takes a lot of work. Want some undervalued areas - energy still undervalued and then shipping (very frustrating tho). ZIM is at $45 and about to earn $25-$30 per share in FCF and give a $20+ div early next year. NMM at $27 and going to earn $15-$20 but they have yet to show good shareholder returns yet
SB has 9 employees NMM has 180 employees. I´m sorry but I cannot throw my hard earned money at such extremely small companies.
You get in on the action immediately buying the shippers. China will be importing more foreign and cheaper coal from all over. $SB, $SBLK, $NMM, $GOGL
My favorite stocks at the moment, especially with respect to inflation concerns, are dry bulk shipping companies like NMM, GRIN, GOGL, and GNK. This is not investment advice.
$NMM . Sea freight. Low float. Trading at NAV . You know what to do
I agree on all counts. I do a lot of shipping research and here are my thoughts. Shorter term the box ship lessor to buy is $GSL, which has underperformed peers but has very strong fundamentals. $DAC is also appealing. In dry bulk I like $EGLE and $GNK, but a broad dry bulk basket may be the way to go. I’m very long $NMM, which comprises both boxes and bulkers, but there are substantial governance risks. But it’s stupidly cheap, will probably have FCF equal to market cap in under 2 years. I am in the container lessors $TGH and $TRTN. $TGH is the better one long term. My best performer this year has been $ZIM. I exited a few weeks ago at $59 and am now averaging back in under $50. I don’t think $ZIM has the remaining upside of the names above though. Box ship and box lessors have less market risk, because they are on long term contracts. There is still counterparty risk but the liners are sufficiently flush with cash at present that it shouldn’t be a problem any time soon.
Thanks for sharing your knowledge. I will sell ZIM in 12 months then. I’m currently most in cash, any shipping stocks worth buying at the moment? Already have NMM and DAC.
If you want to take the approach of bubble up supply chain strategy, take it all the way to the end. I’ve noticed the same pattern of stock growth going from EV Manufacturer, to Battery producer, to Lithium miner, and semiconductor producer, etc. But take it a step further. The industry I’m alluding to, and bullish in, is global bulk shipping. This can be applied to any industry in terms of supply chain. If you need something from somewhere else, you need it shipped to you. This is the supply chain endpoint, upon which all industries rely. It’s is the #1 growth industry. Don’t trust me? Look at: DAC, ZIM, ESEA, SBLK, GSL, EDRY, SB, NMM, GNK, DSX
Shipping stocks man, ZIM/NMM/GSL/DAC/GOGL Price to ship is astronomical
Anyone here playing shipping companies? Shit like ZIM, GSL, NMM, DAC?
Here is a great youtube video on shipping with Jonah Lupton and J Mintzmyer discussing $ZIM $DAC $NMM https://www.youtube.com/watch?v=lNX1GxwZGZ8
NMM and SB both has a bullish Golden crossover during the last week of August. Have been on a tear ever since. Possibly more upside still for these cash cows!
I love this stock. Been buying it since March. I thought about buying the dip in NMM and DAC a few weeks ago, but decided to wait... Definitely regret it.
Take your Lightspeed profit and run! Buy some steel CLF maybe and some shipping. I like ZIM and NMM
I’m out of moves. Will sit back and watch my stocks ZIM and NMM print more money.
I’m in all of these. Check their growth, but I can also vouch for future earnings growth: $DAC, $GSL, $SBLK, $DSX, $SB, $ESEA, $ZIM, $NMM, $GNK. I have over 25% total investment on these. 👊🏼
I have ZIM and NMM. They are almost like cash printers. ZIM is expected to pay out about 15 dollars of dividend next year (stock price currenty is 48 dollar). So that is a about a 30% dividend.
ZIM and NMM probably meet the criteria. Especially ZIM is a cash printing machine until at least the end of 2023.
ZIM and NMM probably meet the criteria. Especially ZIM is a cash printing machine until at least the end of 2023.
Probably, but who really knows. I’m just a random guy investing my HSA hoping to make a couple bucks. Although I would like to raise my own SPAC and just buy all the hammered warrants or some of the despacs. Actually I take that back… I would like to raise a SPAC to buy out NMM and easily triple my money.
Yes, massive disconnect on several container shipping companies. DAC, ZIM, and best value (risky management) is NMM. NMM has already contracted through end of 2022 more than its current market cap in earnings….