User 350053

Nordic American Tanker: Be Prepared for Fluctuations

NAT has no debt due to its policy of paying for its tankers through new issues. The latest of 3 million shares diluted the outstanding by 10%. The rather large 2nd an 3rd quarter payouts were not supportable from earnings which were outstanding. A .50 to .80 per share payout would be in line with earnings and would reassure me that this isn't another ponzi scheme. If you are going to dive in for the 10% be very careful where you pull the trigger, gaining 10 while losing 20 is not a good investment strategy.