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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 1.31   0.0 -2.84 0.00 0.00
NAVIOS MARITIME PARTNERS 2.04   0.0 0.00 0.00 0.00
SAFE BULKERS 3.25   0.0 -0.19 0.00 0.00


Older articles featuring Navios Maritime (NM):
High-Yield Bonds: Truce
25% Yield-To-Maturity With Strong Liqudity
High Yield Bonds: 'The Rally'
A Well Covered 12.1% Yield And One Ring To Rule Them All
Costamere, Inc.: Another Preferred Dividend Opportunity
Dividends & Income Digest: Do Target Date Funds Always Trump Self-Directed Strategies? This Skeptic Isn't So...
Navios Maritime Holdings Suspends Dividends On Preferred Stock - Forced To Establish $50 Million Credit Line From...
Asset Class Weekly - M*A*S*H: A Report About High-Yield Bonds
A Safe 17% Yielder Benefiting From Cheap Oil
Asset Class Weekly: High Yield Blood Bath