SSW - Global Ship Lease: Major Turnaround Dividends Ahead
Image Credit: NafsGreen
Thesis: 3 Steps to Recovery & Dividends
We have been following Global Ship Lease (GSL) for years and after maintaining an avoid/bearish posture for years, the company finally became an interesting investment target in late-2018. Following the reverse split in early-2019, the price washed out, and it was time to buy. I believe GSL is an excellent investment over the next 9-12 months based on a three step thesis which culminates in a restoration of significant dividends.
We have already seen one of these steps (refinancing of 2020 debt) completed