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.
The UBS underwriting caught my eye too. I don't know what to make of it exactly.
As for the offering's price I think $25 would be too low. NAT wants to purchase 2 ships with the proceeds on 3.75 mil shares. $67m for the first suggests to me that the price may be in $30 range. Anyone else have thoughts?