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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (3231)	2/7/2001 4:29:40 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 33421

Hi John: This is the time of year I go into hibernation. Client demands and well I do need the fees <g>. So not much in the way of investment ideas (and the way they've been going you don't want to hear them anyway). Yes NAT has 3 double hull Suez tankers. As long as the day rate stays above 45k a day (last I checked it was around 50 down from 60k, this was about 2 - 3 weeks ago) NAT should be able to pay out appx 85+ cents a share / quarter. So I think the downside on the dividend is $3.4 this year but if the economy slows too much maybe we see $2.4 (rates down to 30k). Since this is a high % return to NATs normal rate the market is telling us tanker rates are coming down. I have a buy order in @ $15 area. Last time I was lucky to read about the company in Barons and purchased in $16 to $18 area. I have been nibbling @ some gold shares. More of a hedge if the $$ and market tank. Tim Somewhere I think I still have last years annual report and If i can find it (this weekend???) I'll fax it over.