Go back to previous topic
Forum Name "What Does RL Stand For?"
Topic subjectUpdate:
Topic URLhttps://forums.carrionfields.com/dcboard.php?az=show_topic&forum=43&topic_id=1916&mesg_id=1947
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!