NM News and Press, Navios Maritime Holdings Inc. From 01/23/23

Summary NMM is a diversified shipping company controlling 185 vessels with a gross fleet value exceeding $5 Billion and Debt/Bareboat Liabilities of $2.1 Billion. NMM is highly profitable and has a 2023 forward P/E ratio of only 1.32. The stock is trading at about 25% of NAV. Re...

Summary Due to the continuing global recession, the dry bulk market outlook is not strong. Based on the CCA method, compared to other dry bulk stocks, SBLK stock price has a 10% downside potential. However, recent measures by the Chinese authorities may support the demand for dry bu...

Summary Due to the high inflation rates, COVID-19, and the continuing war in Ukraine, the global recession likely will continue hurting the demand for dry bulk commodities. However, the measures of the Chinese government and central bank should support iron ore demand. In a vulnerab...

Net Income $39.0 million in Q3 2022 $78.9 million in 9M 2022 Cash from operating activities $41.3 million cash provided by operating activities in Q3 2022 $127.4 million cash provided by operating activities in 9M 2022 EBITDA, a non-GAAP measure ...

GRAND CAYMAN, Cayman Islands, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE:NM) announced today that it will host a conference call on Tuesday, November 22, 2022 at 8:30 am ET, at which time Navios Holdings' senior management w...

GRAND CAYMAN, Cayman Islands, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM), announced today the final results of its previously announced tender offer (the “Offer”) to purchase up to...

GRAND CAYMAN, Cayman Islands, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (“Navios Holdings”, the “Company” or “we”) (NYSE: NM), announced today that it is extending the expiration date of its tender offer (the “Offer ...

Summary The global iron ore shipping volumes have been decreasing in the past weeks. On the other hand, the demand for coal will remain strong due to hiked natural gas prices. Star Bulk Carriers should remain profitable; however, its 2H 2022 financial results will be weaker th...

Navios Maritime ( NYSE: NM ) said Wednesday it commenced a tender offer to buy up to $20M of the outstanding series G and series H American depositary shares for cash. Purchase price per series G ADS will be $15.73 and $15.28 per series H ADS. Each series G ADS re...

GRAND CAYMAN, Cayman Islands, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (“Navios Holdings” or the “Company”) (NYSE: NM), announced today that it commenced a tender offer to purchase up to $20 million of the outstanding Series G and Series H...