Nordic American Tankers Ltd (NAT)

[Dale C]

I was in NAT back when they only had 6 boats with big plans to grow the fleet. Instead of growing organically they sold shares, each newbuild was to be accretive. One of Cramer's darlings but the PPS and dividend began to fall with each new addition to the fleet. It's a good company and they make money but the rank & file shareholder is being bent over the rail. It was a good flipping stock but long term holds you will lose.