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NMCI - Navios Maritime Containers: Interesting Opportunity In Container Shipping
Navios Maritime Containers L.P.
Please note: this is a small cap shipping company, with a small free float. It is not for the faint of heart!
Brief introduction
Navios Maritime Containers' (NMCI) share price has been - and most likely will continue to be - volatile. The company operates in the cyclical container shipping market, and its balance sheet is on a knife edge.
However, overall, the stock remains cheap. Containership rates have been improving of late. If they normalize in the near future, as we edge away from COVID-19, NMCI's balance sheet will improve in short order.