Message Font: Serif | Sans-Serif
No. of Recommendations: 1
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.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.