Nordic American Offshore

Nordic American Offshore

Nordic American Offshore: A 10% Yield Sure To Be Cut I’ve been writing the Safety Net column for more than three years. I’ve never seen a stock that was as much of a lock for a dividend cut as the one I’m covering this week. Nordic American Offshore (NYSE: NAO) is a microcap stock with a market cap of just $110 million. It trades a little over 100,000 shares per day. Nordic American owns and operates platform vessels in the North Sea. Given that the company is heavily tied to the oil industry,…