1947, Update:
Posted by Grobbak on Wed 31-Dec-69 07:00 PM
If you bought NAT when I recommended it, you are now up 6.4%.
Despite a dreadful 3rd quarter, where they posted their first LOSS in recent memory - it's still climbing HIGHER.
Why?
4th quarter rates for the kind of shipping they do have nearly tripled and also many key countries have passed a law making it illegal to use single hull freighters come Jan 2010. 90% of NAT's fleet are double hull freighters, FAR higher % than almost all their competitors.
Stock closed at $32.82 today - I think it will see $40 by the end of Q1 2010.
G!
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