Mad Money

Nordic American Tanker CEO on Growth Plans


Nordic American Tanker, the “Mad Money” shipping industry favorite, might just be the best house in a bad neighborhood, Jim Cramer said Wednesday.

While some analysts have said the company might have to take on additional debt to keep paying its robust dividend, Nordic American Tanker could also use its strong balance sheet to buy up additional ships — and future growth.

Nordic American Tanker CEO Has Optimism

A better-than-expected quarterly earnings report Tuesday pushed the stock up 7 percent , although its share price is less than half of what it was two years ago, when it traded in the $30 range.

To learn where the company sees opportunity and where it plans to go from here, Cramer spoke with Herbjorn Hansson, the founder, chairman and CEO of Nordic American Tankers.

WATCH the entire interview with CEO Herbjorn Hansson.

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