Dykstra: The Real Measure of Success
In baseball, my theory is to strive for consistency, not to worry about the numbers. If you dwell on statistics, you get shortsighted, if you aim for consistency, the numbers will be there at the end.
-- Tom Seaver, Hall of Fame Pitcher
Undeniably, Seaver's numbers speak for themselves. Along those same lines, I recently came across this baseball trivia question: Who are the only two pitchers in Major League history to start their careers with 10 consecutive winning seasons? The second pitcher to accomplish this incredible feat of consistency is Andy Pettitte, former New York Yankee, now pitching for the Houston Astros. Amazingly, the first was initially the property of the Boston Red Sox, but went on to legendary status with the Yankees. His name was George Herman Ruth, better known as "The Babe."
Needless to say, he put up some numbers. What better lead-in to my home run for the week.Bermuda-based Nordic American Tanker (NAT) owns and operates double-hull oil tankers. The stock has been hit in the past week along with energy stocks generally, and specifically after the company reported disappointing earnings Monday. Nordic American fell 1% to $35.25, but I think it's ready to make a move back to $40. The company has the best balance sheet in the industry: no long-term debt, a high current ratio (current assets divided by current liabilities), and a credit facility in place if needed. The stock is trading near its 52-week low, which appeals to me more than chasing momentum on the new-high list. What I really like about Nordic American is its current dividend yield of 9.4%. Underlying demand for oil continues to be strong, and the company is well positioned to benefit and maintain its dividend in full. Tanker rates are seasonal, and for the quarter ended Sept. 30 averaged $23,000 to $24,000 per day. Fourth-quarter rates are confirmed to be quoted $48,000 to $50,000 per day. Furthermore, there is a mandatory schedule for the phasing out of single-hull vessels because of legislative and environmental restrictions imposed by governmental agencies. As a result, Nordic American is in a favorable long-term competitive position due to the makeup of its fleet.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV