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Enter Symbol:
 
NAVIOS MARITIME HOLDINGS INC (NM) [hlAlert]

Rating:
Neutral NM

NAVIOS MARITIME HOLDINGS INC (NM) rated Neutral by Banc of America Sec

Posted on: Tuesday,  Oct 21, 2008  8:25 AM ET by Banc of America Sec

Navios Maritime (NM)
rated Neutral by Banc of America Sec.

Navios Maritime Holdings Inc. (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. It has two business segments: Vessel Operations and Logistics Business. As of December 31, 2008, Navios Holdings? core fleet (excluding Navios South American Logistics Inc. (Navios Logistics)), consisted of a total of 53 vessels, aggregating approximately 5.1 million deadweight tons (dwt). As of December 31, 2008, Navios Holdings owned 12 Ultra Handymax, five Panamax, and one Product Handysize tanker vessels. It also time charters in and operates a fleet of six Ultra Handymax, two Handysize, 11 Panamax, and nine Capesize vessels under long-term time charters, 18 of which were in operation as of December 31, 2008, with the remaining 10 scheduled for delivery on various. In January 2008, the Company, through Navios Logistics, acquired Horamar Group.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/21/2008 8:25 AM Hold
None
3.85
as of 12/24/2008
1 Week down  -2.86 %
1 Month up  31.39 %
3 Months down  -11.94 %
1 YTD down  -11.94 %

(*) Stock Price at the time of the recommendation.
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