CPLP - Time To Load The Wagons With Containerships (Again)
- Top containership stocks have enjoyed a remarkable run since last fall; however, the stock prices have significantly lagged the surging underlying values and business transformations.
- Almost all of the major companies are now cheaper today than they were last year in terms of EV/EBITDA, P/NAV, and forward P/E.
- Despite a surge in containership rates YTD and decent charter durations hitting 4-5 years, most stocks have traded sideways since March.
- This report addresses major misconceptions in the sector and outlines why I remain very bullish with this career conviction call.
- My top buys are Danaos Corp and Global Ship Lease. We could see potential 2-3x returns from current prices if strong rates persist.
For further details see:
Time To Load The Wagons With Containerships (Again)