As 2011 comes to a close, it's a great time to look back at what happened to the stocks that interest you. By making sure you know the important things that a company accomplished -- as well as the setbacks it experienced -- you can make a better decision about whether it's a smart investment for your portfolio.
Today, let's take a look at Nordic American Tankers
Stats on Nordic American Tankers
Year-to-Date Stock Return | (50.5%) |
Market Cap | $573 million |
Total Revenue, Trailing 12 Months | $81.1 million |
Net Loss, Trailing 12 Months | ($51.5 million) |
1-Year Revenue Growth | (41.5%) |
Cash / Debt | $11 million / $170 million |
Dividend Yield | 9.9% |
CAPS Rating | **** |
Source: S&P Capital IQ.
How did Nordic American Tankers do this year?
Nordic American Tankers has a fleet of 20 Suezmax crude oil tankers, up from just three less than seven years ago. Ordinarily, that would be good news, and it has certainly put Nordic American in a position where it can expect to see a big boost to its revenue -- as long as the global economy recovers.
The problem, though, is that several of Nordic American's competitors have done the same thing, building out their fleets and causing a glut of tankers. Recently, rival Frontline
One thing that distinguishes Nordic American from its peers is its dividend. Teekay Tankers
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