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Nordic American Tanker Shipping: A Dividend Stock With Strong Technicals

The company has over a $1 per share in depreciation charges (non-cash) so the cash dividend vs accounting earnings is not an issue. The only reason I'd be cautious on NAT vs other tanker companies is because they are completely tied to Suezmax tankers and more importantly they have a history of issuing equity to fund new tanker purchases. With tankers you have a hard asset with real tangible value and a real estimate of potential cash flow from the tanker (just go with a comparable locked price as the floor instead of spot prices for lending purposes) so you should be looking to finance new fleet additions with debt.
Jan 17 13:29 pm |Rating: 0 0 |Link to Comment |View article

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Amit Chokshi

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Nordic American Tanker Shipping: A Dividend Stock With Strong Technicals

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