You were right in a big way. I got in yesterday because I have done VERY WELL buying after these high yielding stocks cut their dividends. The income dependent holders sell-- but the yield is still very good.
In NAT's case, the did not cut the dividend because of difficulties.
They cut because they had an opportunity to buy assets on sale that sets the stage to increase the dividend later.
This CEO is pretty impressive. He sees the long term --- and acts.
Bet NAT is back to $13 to $13.50. Which would be a healthy total return of 12% (factoring in dividends and price increase from 11.85).