[Entering Position in Navios Maritime Holdings (BULK)]
Dear Member:
Navios Maritime Holdings (BULK) is involved in seaborne dry bulk shipping and recently added another ship. It has a reasonable P/E around 10 and has been paying an annual dividend around 4.9%. It has a book value of about 4.45 so the Price to Book is a decent 1.12.
The stock recently bounced up off a trend and is moving up today on fairly strong volume. I like the stock (BULK) for a day order at a limit of $5.40. Initial exit is set fairly far away from entry ($0.40) at a touch below $5.
DISCLOSURE: At the time of publication, I have no position in BULK.
Sincerely,
Bill Kraft
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