Has Herbjorn Hansson borrowed from his own retirement account to fund the latest dividend for shareholders of his Nordic American Tankers?
This was just one of the intriguing questions raised by NAT’s recent financial developments, which included a rescheduled announcement of disappointing earnings and plans for a feat of accounting sleight of hand to stay compliant with Bermuda law.
The possible retirement-fund borrowing is raised by veteran analyst Jonathan Chappell of Evercore ISI, who in a client note this week tried to solve the mystery of how NAT paid a $0.03
