Navios Maritime Holdings Inc. (NM)

[benfrankledger]

NM should post better Dry Bulk Segment results in Q4. It is a bit early to predict NM's Q4 results, since many of its vessels are pegged to daily rates in various rate classes, but it is unlikely to generate more than about $10 million in free cash.

The problem is that Q4 will be the strongest quarter for the year, and the first half of 2018 results will likely be lower, barring an unseasonable rebound in rates.