TGH - Textainer: Severe Shipping Container Shortage Supports Prolonged Breakout

• A surge in E-commerce activity due to COVID has caused a severe shortage of shipping containers in Asian markets.
• This has created a tremendous opportunity for the container leasing company Textainer which has secured long-term leases at highly profitable rates.
• The 2020 holiday season has led to a surge in shipping demand from Amazon and other retailers which has exacerbated charter rates and container leasing costs.
• With many leases expiring over the coming quarters, Textainer is expected to lock-in attractive contracts that should boost its EPS for years to come.
• Textainer operates at high leverage, so a reversal in consumer demand in 2021 is a key risk that investors should consider.

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