GSLD - Global Ship Lease Still Has Upside Even If The Container Shortage Ends
- Container shipping rates have skyrocketed due to an increase in demand for goods - leading to a large global shipping container shortage.
- The container shortage has been a saving grace for container shippers like Global Ship Lease which were facing solvency issues prior to 2020.
- Global Ship Lease has managed to build a solid long-term contract book that will maintain earnings even if container shipping rates reverse.
- With a long-term forward "P/E" of only 5-6X, GSL may still have significant upside.
- In today's precarious investing environment, the few "cheap" stocks like GSL may see significant inflows.
For further details see:
Global Ship Lease Still Has Upside Even If The Container Shortage Ends