CAI - CAI Should Consider Issuing Additional Preferred Shares To Stoke Growth
- CAI just reported a tremendous quarter.
- The company divested its logistics and railcar leasing businesses in 2020 and is now a pure-play container lessor.
- Shares trade at $42 or 1.23x BV and long-term investors can anticipate a 10.9% return, with lots of variance.
- CAI has already committed to $340 million of investment in 2021 and may need to raise additional equity capital if they want to grow more in an excellent environment for growth.
- Issuing another round of Preferred Shares is probably the lowest cost of capital avenue for growth.
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CAI Should Consider Issuing Additional Preferred Shares To Stoke Growth