Yesterday I added Nordic American Tanker (NAT: 14.14 +0.07 +0.50%) to my 20 Stock Portfolio of well reviewed (by me) stocks. Today they released a letter concerning soft spot market tanker rates for the 3rd quarter, which has had a significant affect on the stock price. I recommend anyone interested in this company to read the letter in its entirety before making any investment decision.

This is a good time to review my disclaimer concerning the writing on this blog.

Nordic American Tanker Shipping Ltd. (the Company) – (NYSE: NAT) Letter to Shareholders from the Chairman & CEO: Financial News – Yahoo! Finance