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Nordic American Tankers Limited Message Board

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  • tom8yours tom8yours Mar 1, 2006 8:58 AM Flag

    Sweet

    Congrats to all who got out.

    For those who didn't, all's not lost. Next divy will be $1.25- 1.50 range (conservative estimate)and stock "should" revisit mid 30's easily. Stock is entirely oversold so we should be seeing bottom quite soon. Only thing of real concern is price for new offering. $25 not likely, (IMO).

    For the shorts, beats the heck out of me! I don't know what this new offering means for them.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Not trying to scare anyone, but it seems to me that these new shares are going to create an excess supply and the market is going to react by lowering the value of already outstanding shares.

      If I'm not mistaken, these are going to be a secondary offering. I still think 25 is very reasonable for re-entry. We'll see.

      Did anyone find it interesting that UBS was the firm that downgraded NAT a short time ago and now they are underwriting the offering?

 
NAT
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