TGH - Textainer: A Depressed Stock In A Booming Industry Equals Big Opportunity
In my latest article, I talked about Triton (TRTN) and how its stock price is pricing in the boom that is taking place in the container shipping space. Textainer (TGH) despite being the 3rd biggest player in the industry is in a completely different situation. Textainer's stock has not yet caught up with the same market conditions due to some company-specific issues that are now over.
The company's troubles began with the bankruptcy of Hanjin Shipping Co. The excerpt below is from the company's 2017 annual report.
On August