balcobulls (32.28)

Secondary Offering brings a current Bargin even lower!

January 19, 2012 – Comments (0) | RELATED TICKERS: NAT

Nordic American Tankers is led by an amazing CEO who continues to state that he works for the shareholders.  Continuing to keep a strong dividend and keeping shareholders updated at all times.  This best of breed Tanker company was running between $9,000-11,000 per day bringing their EPS in the negative last year.  This year CEO Herbjorn Hansson has announced that $20,000 per day is not far fetched.  This will bring their EPS close to $.36 per share.  Look for NAT to report a better than projected earnings for Q2 for sure, Q1 should be right on track.  A secondary offering was announced after-hours on Jan 18, 2012 which has brought NAT down from $15.50 a share to $13.70 a share.  As I write this NAT has clawed its way back to $14.10.  Look for a short-squeeze to bring the bring back to mid $15.00 by late day Jan 20, 2012.