+ Watch NAT
on My Watchlist
The Company was formed for the purpose of acquiring and chartering three Suezmax tankers.
In 1 word, OILStock is cheap, half that of GNTX & has higher Dividend.Plus, "Mad Money" says it is a TOP Stock to have.
A play on the chinese economy growth will procide businees for NAT once again.
Pirates? Boeing ultra-big carries? Meteor strikes? All the boats can't be in the same place at the same time. Plus engine tech can improve over the future of shipping.
fleet is ageing and income has been dropping.
chart looks good
It is using common sense to keep its fleet in line and prepare for an upswing in the tanker market.
Speculative pick in the Oil Tanker business which is presently in the tank. But this company has no debt and the staying power to hang in until day rates improve.
This stock is rated a buy.
breakeven of around 12k day is one of lowest in industry when rates do turn around. dont like the paying of dividend by taking on debt. div may be cut in future if slump continues for to long.
So is now the time to back up the truck on this stock? With historic lows around $10 share, I don't see much potential downside here from where it's currently trading.Nicely run company. Well managed.CEO keeps saying over and over they will not cut the dividend, it is important to the shareholders.I am not sure how much immediate real upside % we will see, especially if management keeps diluting the stock, but at a 10% or so divvy, I am willing to wait.Seems like a really nice base hit, if not a potential home run, especially given the financial weakness of some of their competitors.
no debt and buying more ships at discounted prices. As economy improves, so should nat.
Go for broke on all shipping tankers
Bulk shipping will return over the next 5 years.I think the maximum negative outlook is priced into these stocks.
Good balance sheet it will do well when cycle is favorable
low debt shipping company
Contrarian, dividend stock. Current dividend yield beats the 0.005% I earn on my checking account. Entire sector is depressed with upside potential.
Spot rates are near all time low and will cycle through to highs over the next 24-36 months.
Current prince of $22.67 is right at about book value.
NAT has a lot of positives going for it. The current price of $24.17 is a low for this stock making it a good value pick. Over the years I've been following it the company has consistently worked to maximize dividends and minimize debt. (Long-term debt is currently zero.) Management has consistently and methodically followed a well thought out business plan of expanding the fleet while adjusting for market vagaries such as the current downturn in the oil shipping industry. I like their contrarian philosophy -- NAT is purchasing ships right now during the downturn while ship prices are low. Their strategy is working as they are now the industry leader. So, no debt, an expanding fleet, good cash flow, great dividend, smart management, and a value price -- all these add up to a good pick. I'm buying more!
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