Published On Seeking Alpha: Navios Acquisition: A Quality Company At Close To Net Asset Value

With one of the strongest management teams in the industry and a preference for long term charters to mitigate the high risk inherent in the shipping industry, Navios Acquisition (NNA) has survived the global recession, a period of greatly restricted funding for ship owners, and the bankruptcy and financial distress of less well-positioned industry peers. After a recent sell-off from 52 week highs, the company appears to be a good value for investors desiring exposure to the crude and refined products tanker business as the company's shares trade at a small premium to net asset value.

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As always, this is meant as entertainment rather than investing advice.  Consult your advisors, throw the yarrow sticks and get out the I Ching, do your own due diligence, take you own risks.

A Mortgage On Floating Collateral That Yields 13%

Navios Acquisition Bonds Attractively Valued

Source: www.USMM.org

In a world of 10 year treasuries yielding under 2% there are still solid yield opportunities from time to time that should be bought.  Navios Acquisition (NNA) 8.625% bonds due 2017 and available for 83 cents on the dollar offer an attractive risk adjusted return currently yielding 13% to maturity and offering the possibility of a capital gain to go with the 10% cash-on-cash yield.