2024-04-01 10:50:52 ET
Summary
- I have been bullish on Danaos for the past 2.5 years, but finally, I am feeling worn out and frustrated.
- The cost of holding Danaos stock, in terms of effort and disappointment, outweighs the potential reward.
- Nevertheless, my journey with Danaos provided me with a couple of insightful lesseons.
In the past 2.5 years, I covered Danaos ( DAC ) a total of 10 times. From the moment Danaos began signing highly lucrative multi-year leases for its containerships in the midst of the COVID-19 pandemic to its aggressive deleveraging journey in the coming quarters and, most recently, its entry into the dry bulk industry, I have been very bullish on its stock....
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Danaos: Feeling Frustrated? This Is Your Permission Slip To Get Out