Thoughts on Nordic American Tanker? NAT. 30 cent dividend per quarter, 10% yield.
Company not making money but dividend policy strong. I see it as a recovery play (?). Best house in a bad neighborhood? They make money based on shipping rates of oil (sorry this isn’t a green play). Company has little debt on balance sheet <15%.
I guess the overall market for shippers is swamped :) by a large supply of ships.
An analyst I know strongly likes this stock based on dividend policy and management. Thoughts from the community?
Thanks for your opinions.
Sell crazy someplace else, we're all stocked up here
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