TNP first stock mentioned in Motley Fools article today!!!
If we break over the Friday HOD....we may see a new 52wk high soon!! Here is a part of the article listing TNP:
Motley Fools listed TNP $4.96 close first in it's "3 Stocks That Blew the Market Away" today! In Friday on the big surprise earnings:
By Rick Munarriz | More Articles | Save For Later
May 27, 2013
Every week, I look at three companies that beat market expectations, since I think that's the biggest factor in a stock's ability to beat the market. Leaving Wall Street's pros stunned usually means the companies have more in the tank than the analysts figured, and capital appreciation typically follows.
Let's look at a few companies that humbled the pros over the past few trading days.
We can start with Tsakos Energy Navigation Limited (NYSE: TNP ) . Shares of the energy transporter moved 27% higher last week after surprising the market with a quarterly profit. Business isn't great at Tsakos. Revenue dipped slightly during the period, and a profit of $0.02 a share may not turn heads. However, analysts were bracing for a loss of $0.08 a share on a sharper decline in revenue.
May 29 (Reuters) - Asia's demand for natural gas to generate electricity is set to rise this summer as leading buyer South Korea joins Japan in snapping up cargoes of the fuel to plug a power shortfall after more nuclear reactors were shut over safety concerns.Seoul has warned of power shortages and rolling blackouts due to the closure of two reactors and the extended shutdown of a third to replace parts supplied using fake documents.
I'm in the dark also....but they're still paying a small dividend and I'll be getting $300 for that in early June....something is better than nothing. I"ll continue to hold the stock and maybe add more on any further weakness.