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Fly News Breaks for November 24, 2015
NM
Nov 24, 2015 | 08:30 EDT
As noted earlier, Stifel downgraded Navios to Hold from Buy. The firm says that Navios is facing the erosion of multiple cash flow streams, largely due to the poor dry bulk market. The firm writes that the company's cash burn is "an issue," and it notes that Navios has suspended its dividend and reduced its distributions by $18M.
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