Pantry (PTRY), one of my favorite Quantum Growth stocks, reported earnings of 10 cents a share this morning. That was 28 cents better than Wall Street’s forecast. The company is the leading convenience store operator in the southeastern U.S. Since their March low, shares of Pantry are up more than 80%.
I was also happy to see Nordic American Tanker (NAT) declare a dividend of 88 cents per share. Unlike many other companies, NAT’s dividend is very volatile and you can’t be exactly sure what it will declare each quarter. At the current price, NAT’s dividend works out to an annualized yield of 10%.
Both Pantry and Nordic American Tanker are very solid buys.