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||2.04||0.0||0.00||0.00||0.00|
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