Navios Maritime Holdings Inc. (NM)

[dabonenose]

Well Kid,,,GLTU.

I've been an owner of NM for many years and once I buy them for a reason, I hang on until there is no reason for me.

It doesn't matter to me what China does as far as acquisitions are concerned.

NM is a pretty good company with a decent balance sheet.

If there's a trade war between the U.S. and everyone else, so be it.

NM is based out of Monaco and will run to the highest bidder to move freight.

Also, because most of their charters are locked in, the daily BDI is not as much a worry.

Before I bought in, I worked in the industry for 10 years, and I spoke with many superintendants, etc. of various shipping companies. Most said NM was a well run co.

Of course a pullback in the industry will affect most sippers, however, when the industry starts to rebound(and it will happen), it will float all boats,,,pun intended.