TRTN - Triton International: Trading At A Large Discount But Coronavirus Remains A Threat

(Pexels)

Triton International (TRTN) is the world's largest lessor of intermodal containers which are standard steel boxes used for shipping, rail, and truck transportation. The company owns over 6 million twenty-foot-equivalents ("TEU") of containers and leases to most of the worlds leading shipping lines.

The company is cheap with a very low forward "P/E" ratio of 8.6X and a high dividend yield of 5.5%. The asset-rich company is also not trading too high above its book value. Clearly, investors are placing a heavy discount on Triton, particularly when competitors like Textainer