- We have to admit that the much-anticipated Q4/FY 2021 earnings report of Danaos has caused us some disappointment.
- Raising the quarterly dividend by 50% (allegedly a high percentage) to only $0.75/share falls way short of our expectations.
- The company still "considering" a buyback, when the stock price is closing fast on $100/share, is nothing short of an outrageous.
- Nonetheless, the ZIM bonanza keeps on growing. DAC is already "sitting" on a $150M gain on its ZIM investment since year-end alone.
- Although DAC is still "MASK-ing" (too much) on some aspects, where the company should operate better and quicker, it's "Certainly a Must-" hold.
For further details see:
Danaos: If It Earns Like DAC, Raises Like DAC, And Considers Like DAC, Then It's Probably A 'MASK'