FEATURED SLIDESHOW
Who Is The Worst CEO?Mad Money needed new inductees for its
Wall of Shame, so we asked viewers for
nominations.
RECENT POSTS
- Cramer: Investors, Don’t Do This
- On Wednesday's Mad Money: Costco & Cypress Semi CEOs
- Lightning Round: Toyota, Ford, Colgate-Palmolive and More
- Lightning Round OT: Hudson City Bancorp, Duke Energy and More
- Is This the Next 3Com?
- John Mack: Hero of the Credit Crisis?
- Cramer: Buy This New Gold ETF
- Cramer Tackles Toll Brothers Report
- Lightning Round: Priceline.com, Citigroup, Transocean and More
- Lightning Round OT: STEC, ICICI Bank and More
MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMERS SOUNDBOARDAdmit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.
CHECK OUT OUR PHOTOSCheck out Cramer on set, back to school, behind the scenes and more.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It's Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money's mobile. Get show highlights sent to your phone.
Text Size 
Cramer is still a big fan of Nordic American Tanker, today calling it his favorite stock in the shipping group. It’s the balance sheet about which he’s most excited – virtually no debt and $600 million in cash – and it’s the reason he has stuck by the company when the industry as a whole seemed to be on the decline. On Monday’s Mad Money, Nordic American CEO Herbjørn Hansson reinforced Cramer’s bullish feelings toward the stock.
Hansson expects a great upcoming quarter, thanks to a strong market for his ships. NAT [NAT
Loading...
()
] said as much in a letter to shareholders just last month. The strong balance sheet means that Hansson can buy up struggling competitors on the cheap. And best of all, the dividend is safe. So investors can forget about a cut.
“There is no question on that,” the CEO said.
NAT has been enjoying the benefits of the contango trade, which is the buying of oil at cheap prices, storing it in the company’s tankers and then selling at a higher price. Just because oil has crossed the $50 mark doesn’t mean that trade is done. Many of NAT’s clients think that crude prices will go higher still, so they’re not selling off their tanker stores just yet.
Some haven’t thought oil’s recent move was legit, saying it was artificial or even dollar-related, but Hansson is bullish regardless. China is the main reason. That country’s move from bikes to cars is a sign of growing consumption that isn’t about to slow anytime soon.
So “even though we may see some recessionary tendencies,” Hansson said, “they will not go back to the bicycles.”
Hansson also pointed to “very strong readjustment forces at work” that have slowed the massive ship build-out his industry had seen. The glut of tankers had devalued NAT’s own fleet. But with that trend gone for now, and the company’s strong balance sheet, NAT is much better off than its rivals.
“When the others have water up to their cheeks,” Hansson said, “we are barely wet on our toe.”
Cramer stayed with his original call: NAT’s a buy.
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes