New Buy Nordic American Tankers (NAT)

01 Jul 2016 21:49
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Grabbed 100 shares of Nordic American Tankers Limited (NAT) at $13.95/share. No sugar coating this one as I bought it for the high 12% yield.

I know the risk going in and hence why I only initiated a small position. Outside of the yield what I find attractive about NAT is that they have the largest fleet of suezmax tankers and the lowest debt of commercial shipping. In the long term, as long as the yield stays above 7% I will have no regrets with this risky buy.

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