Navios Maritime Acquisition Corp.: Down 40% Since Merger. Why? [Seeking Alpha]
Navios Maritime Acquisition Corporation Common stock (NNA)
Last navios maritime acquisition corporation common stock earnings: 11/7 08:00 am
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Source: Seeking Alpha
Navios Maritime Acquisition Corporation (NYSE: NNA ) is a financially troubled company that owns a fleet of VLCC crude tankers and LR and MR product tankers. It is a 44.2% owned subsidiary of Navios Maritime Holdings, Inc. (NYSE: NM ), and an affiliate of Navios Maritime Partners LP (NYSE: NMM ) and its subsidiary Navios Maritime Containers LP ( NMCI ). It is an affiliate and joint venture partner in Navios Europe I and II. Background NNA recently completed a merger, more properly a buy-in of the minority common units, of Navios Maritime Midstream Partners LP ( NAP ). The merger is discussed at length in these three articles that should be read as a primer to this article. There are also a series of articles that examine NNA's financial woes in depth . The merger closed on December 13th, and in the eight trading days subsequent to that date, NNA has plummeted more than 43.1%. The following table provides the trading summary for those days. Please note that NNA h
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