SSW - Seaspan Continues Its March Northward
Seaspan Corporation (SSW) functions as an independent charter owner of container-ships in Hong Kong. It came across our desk as a potential value play. Currently, the firm trades with a book multiple of 0.7, a sales multiple of 1.5, and a cash flow multiple of 3.3. Although these numbers look very attractive on the surface, they are very much in line with what the industry is currently trading at.
However, what Seaspan has going for it is its underlying bullish trend. Many times, share prices of companies which may be trading below their