Navios Maritime Holdings Inc. - NM

Navios Maritime Holdings Inc., stock ticker NM, is my favorite shipping company. They are global and a  vertically integrated seaborne shipping and logistics company. NM maintains their focus on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. NM has two solid and profitable business segments: Vessel Operations and Logistics Business.

Over the past couple of years NM's core fleet of ships, the average age of which is approximately 4.4 years, consisted of a total of 60 vessels, which can hold approximately 6.6 million deadweight tons. Navios Holdings owned 15 Capesize vessels, 13 Ultra Handymax (See first video below), four Panamax, and one Product Handysize tanker vessel. It also time charters in and operates a fleet of five Ultra Handymax, two Handysize, 10 Panamax, and 10 Capesize vessels charters, 17 of which are operational.

Navios Maritime is a great company getting beat down with no rhyme or reason. Their dividend of 6 cents per share, which is a 6.33% yield is sustainable. They have enough cash on hand and quarterly profits to continue to pay their dividend. I suggest picking up shares of NM at these levels and hold for the long term. In the meantime, enjoy that 6% dividend yield while you wait. NM's financials are solid and most of their vessels are contracted out over the next two years. Their average charter contacts are around 3 1/2 years and several being 5 plus years. Their Price/Book is 0.35 and they have a PE of 5.7. Navios Maritime is a great value in a punished sector.

In closing, please visit NM's homepage, here, and also their Investor Relations website, here. On December 2nd, 2011 NM rallied above their 50 day moving average, which is a plus! NM is very cheap now with an delicious, sustainable dividend. Hold this winner in your Roth IRA portoflio for tax benefits and count on that dividend every three months. At $3.79 per share, you can't go wrong!