AMKBY - Global Ship Lease Inc. Might Have Already Sailed
2024-07-04 09:15:32 ET
Summary
- Global Ship Lease, Inc. is rated a Hold or a Moderate Buy opportunity. It shows growing earnings and revenue but the share price is already near its 52-week high.
- The company owns and operates 68 mid and small containerships, benefitting from rising shipping demand and a worldwide shortage of containers.
- The maritime industry and company face risks from geopolitical tensions and sputtering economies which are expected to lead to lower earnings per share in the next two years.
Overview
We rate Global Ship Lease, Inc ( GSL ) a Hold to Moderate Buy opportunity. Earnings and revenue are strong. Cash flow from operations is healthy. Our rating hesitancy stems from the shares selling near their 52-week-high. Moreover, the economy, the Fed, and market dynamics appear, as the Principal Financial Group poignantly describes on Seeking Alpha, to be standing on "shifting sands."...
Global Ship Lease, Inc. Might Have Already Sailed