NMM -1.53 to 23.69, getting hit hard recently despite soaring dry bulk shipping rates. The BDI is currently at 3228 .... for Q1 it averaged 1746 and in Q2 2793 ....
Maybe the weakness is coming ahead of a capital raise ? Analysys are estimating EPS of $2.93 for Q2, although that seems a bit high given their container fleet acquisition is largely on long term charters. Nonetheless it should be a great quarter.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.