Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Nordic American Tankers: On A Recovery And Growth Path

Investment Summary

Nordic American Tankers Limited (NYSE:NAT), which is engaged in acquiring and chartering double-hull tankers, is on the verge of overcoming difficult market conditions and growing at a robust pace. For the first quarter of 2014, Nordic American reported a positive net income for the first time in four years. This investment thesis discusses the positive developments in the company and industry, which makes the stock a good buy at current levels.

Company And Asset Overview

Nordic American was incorporated in Bermuda in 1995 and is engaged in acquiring and chartering double-hull tankers with the company having 20 Suezmax tankers as of March 2014. In June 2014, the company announced the acquisition of two more tankers with...

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