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Subject:  Re: NM Q3 Date:  11/21/2012  10:19 AM
Author:  Hohum777 Number:  2774 of 3766

Actually, while reading the transcript, I also had some problems understanding Angeliki


How does that raise their risk profile?

The charter default insurance was providing NM nice continuation of revenue if a charter failed.
This is especially true given the price paid for some of the Capes, and the attached charters.
It will be interesting to see how much debt NM decides to pay down.
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