John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (4738)	9/28/2001 4:05:40 PM
From: Logain Ablar	Read Replies (2) of 33421

John: Although long winded I don't think I answered your question. NAT is no longer @ 13%. Actually with rates coming down the trailing dividend is 19% per yahoo. I think this will bottom @ 13% (the $10 price / $1.36) but it can bottom @ 11% (the $12.5 support / $1.36) Note the $1.36 is the minimum dividend so %'s can change and we may not see those targets. I assume the question is why is NAT selling @ 15 area when even a minimum payout of $1.36 equates to 9% and interest rates are much less. I used to think it would bottom @ this level but if OPEC cuts production (not till next year) and we have more tanker supply in 2002 then the $12.5 to $10 range comes into play. You also have to factor in the JP factor. As you keep discussing it your followers have become aware of it <VBG> and we may never reach my bargain levels <VVBG>. Even Heinz owns some and LEE III is looking into it. There is more demand and less supply so the yield should start to decrease. In the old days mike and I were the only ones discussing this dividend stock <gg> Actually @ this point I would wait till the next dividend payout. The stock sells off on the record date. Tim

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