Navios Maritime Holdings Inc. (NM)

[Ecomike]

Question. Since they fixed the rates on those new Capex ships (and many others), how will they gain from any upturn in the BDI rates? I have not had time recently to keep up here, so my question is this, did NM and NMM set any kind of profit sharing in the rates on those ship leases that allows them to share in BDI rate inceases? I read somewhere where one of the BDI shippers had done that on some leases in the last 12 months, but I forget who they were. I sold all my NM and NMM shares, and went to cash back in Feb, so I am window shopping now. I did quite well with NM and NMM in the past! I sold off in concern of a possible big market correction.....to protect profits, not because I felt NM or NMM had peaked long term. I was just getting tired of routine hair cuts by the volatility.

GLTA