- Danaos reported record net income and EBITDA this quarter.
- Recent acquisitions, including six new vessels and the remaining interest in its joint venture, coupled with high rates helped fuel the earnings beat.
- The delivery of these vessels during the quarter, and 100% charter coverage for the years, all but guarantees another earnings blowout next quarter.
- Add to this an excellent and improving balance sheet, and Danaos looks to still be undervalued, perhaps by over 100%.
For further details see:
Danaos' Earnings Blow Sky High - Its Valuation Has Yet To Join, Leaving A 100%+ Upside