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Costamare, Inc.: Another Preferred Dividend Opportunity Revisited

Published Tue, 31 May 2016 15:45:20 -0400 on Seeking Alpha

On March 7, I posted the second of a series of articles suggesting preferred investments in the hard-hit sectors of drybulk and container shipping. Although hindsight is 20/20, this series of articles is designed to judge the prescience of my investment suggestions. Granted, not much time has passed since I suggested Costamare (NYSE: CMRE) preferreds as a worthy investment, yet I believe it's necessary that I be graded on all my investment suggestions as I reported them at the time. I believe this is necessary because of the unconventional way I arrive at my conclusions, and the obvious shortcomings, which I am the first to acknowledge. In fact, I often cite those deficiencies as the primary reason I decided to invest in cumulative preferred equities because I believe only in the event of bankruptcy could I ultimately lose. Consequently, I reasoned, it would be much easier for me to determine a company's viability rather than how their stock would perform from quarter-to quarter or year-to-year.
This is my second bite at the apple. The first concerned Navios Maritime Holdings (NYSE: NM) and how it had fared since I first reported on it as low $-wise risk investment sporting potentially tremendous upside possibilities. This article concerns CMRE's preferreds and how they have fared since I first suggested them as an attractive preferred opportunity. Additionally, with this review, I have provided an update concerning CMRE preferreds and their current investment... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
NAVIOS MARITIME PARTNERS 1.95   0.0 -0.12 0.00 43.15
NAVIOS MARITIME 1.25   0.0 -1.51 0.00 18.05
SAFE BULKERS 3.66   0.0 -0.98 0.00 1.05


Older articles featuring Navios Maritime Partners (NMM):
5 Midstream MLPs You Should Buy Now For Both Yield And Price Appreciation Potential
Buy Navios Maritime Partners L.P. - Great Value And Likely To Re-Instate The Dividend
40% Of Top Yield Russell 2000 Dogs Earn Enough Cash To Cover Dividends
A Well Covered 12.1% Yield And One Ring To Rule Them All
Navios Maritime Holdings: One Of Many Preferred Dividend Opportunities
AT&T Voted 'Follower Favorite' Dividend Dog For January
The Case For An Additional Dividend Cut And Share Buyback At Navios Maritime Partners
10 Sector Top Yield Dividend Dogs See 39.09% More Gains From 5 Lowest Priced As Of November 5, 2016
Stocks Trading Ex-Dividend on 11/9/2015
16.22% More Gains By 5 Top Yield Sector Leader Dogs With Highest Yield, Lowest Price As Of September 30, 2016