Cramer’s been bullish on Nordic American Tanker for a while now, touting the firm’s strong balance sheet compared to lesser industry peers. Regular Mad Money viewers probably know that NAT often goes hand in hand with Frontline when shipping of any kind is discussed on the show.
Last Friday, Nov. 7, the company reported a better-than-expected quarter. So NAT’s business model of fetching more per day for its ships and operating at a lower cost than its competitors is paying off. That’s why the company can afford to offer a 2009 dividend of $3.06, or 9.9%. Shareholders who reinvest their dividends can expect to double their money in just seven and a half years at that rate.
But Cramer always likes to do as much homework on a stock as he can. So he brought NAT CEO Herbjorn Hansson on the show to get the full story on this company.
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