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Popeye1250 » Comments » NAT

  • Time to Get Long Black Gold? How Option Spreads Can Pay Off [View article]
    Pardon me, with this "additional" 3.5 million shares that NAT put out on the market yesterday I wouldn't be at all surprised to see the shares go to the $18-$20 level as opposed to $22-$23 per share.
    Dilution is dilution.
    May 13 12:21 pm |Rating: +1 0 |Link to Comment
  • Are Shippers’ High Dividend Yields Sustainable? [View article]
    NAT has no debt but they keep diluting the shares with new stock issues like they did yesterday with an additional 3.5 million shares!
    Everytime they do this the stock falls back to $22-$24 per share from the mid 30's like it was yesterday.
    If history is any guide it'll be down 2-3 points today (wed) and it'll do the slow slide to "$22" per share again in a month or two.
    Yes, it's nice to have no debt but the share price gets diluted twice a year it seems.
    I won't be a buyer until the stock falls back down into the low 20's "again."
    May 13 00:21 am |Rating: +1 0 |Link to Comment
  • Time to Get Long Black Gold? How Option Spreads Can Pay Off [View article]
    Here we go again!
    Everytime NAT puts out more shares to the public like they did yesterday at 3.5 million shares the shares get diluted and the stock price falls back down to $22-$23 per share in a month or so just like clockwork.
    I'm selling my shares today (wed.) and waiting for a month or two to buy back in.
    This is what, the third time they've done it in a year and a half I believe.
    If the shares keep getting diluted like this twice a year how much is the *true value* of the shares? Certainly not $30 per share.
    May 12 23:48 pm |Rating: 0 -1 |Link to Comment
  • A Fresh Look at Shipping Company Stocks [View article]
    One thing I've noticed is that with gas prices down so much people are beginning to drive a lot more!
    Two months or so ago when gas was around $4.00 per gallon I was out on a thurs night and it was like a ghost town out there!
    So, it looks like gasoline usage that was down 11% last May is headed up again which is good for spot shipping rates.
    Also, a cold winter which has already started up North.
    I'm torn, in this bear market I'd *love* to see both FRO and NAT which I own go down to $10 per share and really pile on some shares at that price!
    But, unfortunately (for me) that probably won't happen, people need gas and oil reccession or no.
    With the high yields of these stocks why go anywhere else?
    Oh, the CEO of NAT will be interviewed on CNBC friday morning, Nov 7th between 0930-1000.
    Nov 06 18:02 pm |Rating: 0 0 |Link to Comment
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