Nordic American Tankers Ltd (NAT)

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So you have noticed how badly written those Press Releases are too?

They talk about the past too much. Talk about their total return over the years.

They ignore the fact that the insiders sold a ton of their stock near the highs a year ago and tip toed back in for PR purposes a mere fraction. When challenged about that, the CEO said they had to pay taxes! LOL

You pay taxes when you sell. You don't sell to pay taxes.

The CEO got ticked off when professional research analysts asked the tough questions and tried to get them to call him outside of the Conference Call.

And then the CEO sounded like he was in a time warp. Talking about the good old days when their stock did well and paid out big dividends and, even during the down cycles, the stock did not go down as much as it has in the past 16 months. Check the chart.

How in the hell can the CEO boast about his managerial acumen?

They have F upped. They bought three more ships and they have to pay for them--so they have to sell stock to pay the bill. Which means they have to pay out dividends to more investors.

So they cut the dividend.

And they wonder why no one believes that "NAT is a strong company"?!

Sheesh