Thursday, September 22, 2005
Oil tanker companies & dividend
Jeffrey friedl, suggested that i take a look at NAT, when i was talking to him about stock picks. NAT is a oil tanker leasing company. Apparently they have been paying great dividends - ~30% - for the past few years. Given the oil market, the stock overall has been strong as well, compounding returns. This looks very interesting.
Of course, as i was mentioning this pick to Bala - my friend from oracle - he followed it up with a another recommmendation - FRO - who do very similar things. FRO is about 3.2B market cap versus NAT which has about 650M market cap.
I'd have to look at both of these in more detail. Great place to put cash for 3-6 months..
Comments:
Ravi, If you want to park your money, why not go for MO which has a decent dividend and will eventually be split up. THe split up value has been assessed to a minimum of $80 where the shares can be bought carefully around $70. Litigation is winding down and with Dana Reeves getting lung cancer as a non-smoker, this stock is a winner. Nawien
I am just not sure if I want to be investing in a ciggerette company. I know they do a lot more, but, till they spin out the cig portion, i wont invest
Fair enough, I understand..might I recommend NBR ( or SII/BHI) and SAY. No rich dividends but quality companies that will do well. They are in secular bull markets at least into the next 9-12 months.
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