Nordic American Offshore (NYSE:NAO) owns and operates platform supply vessels and got listed in the New York Stock Exchange on June 11, 2014. Nordic American Offshore has a limited operating history, but ambitious growth plans.
This initiating coverage discusses the company's likely growth trajectory and valuation. Also discussed are the industry dynamics, which will support the company's growth plans. The conclusion is that Nordic American Offshore is a good buy and hold for medium to long term. As the company's growth story unfolds, the stock can give robust returns.
Nordic American Offshore was established on October 17, 2013. In November 2013, the company issued an aggregate of 16,666,666 common shares in a Norwegian private...
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