CPLP - Capital Product Partners Will Eventually Catch Up With Peers
- We are in one of the strongest bull markets for container carriers.
- As a result, many containership companies have fully recovered from the coronavirus crash and some are up on YTD basis (Navios Maritime Containers, Danaos, Global Ship Lease, etc.).
- However, Capital Product Partners is at the bottom of the pack, down by almost 50% YTD.
- The valuation of Capital Product Partners is ridiculously low, especially when taking into account the strong cash flow generation and low debt.
- Investors are still angry with the recent distribution cut. Time to press the reset button.
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Capital Product Partners Will Eventually Catch Up With Peers