CAI - CAI International: This Boring Container Business Just Got Interesting
CAI International, Inc. (CAI) is a business that primarily owns and leases out shipping containers. It is a capital intensive business where each dollar of growth must be bought, usually by investing in more containers. However, if done right it produces very steady and predictable cashflow and return on each dollar invested.
In recent years, CAI also diversified into adjacent fields of railcar-leasing and logistics businesses. The former is similar to container-leasing in that it is capital intensive and highly dependent on capital allocation skills of CAI's management. The latter is an asset-light