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Summary DAC stock price dropped by 19% in the past month as container shipping charter rates plunged. Due to the lower demand for imported goods and easing port congestion, charter rates may decrease further. However, even in the current market condition, DAC can stay financia...
Summary Container shipping rates are low and likely to head lower. A lot of capacity is coming to the market. But environmental regulation and low rates should result in capacity increases being mitigated. Danaos Corporation has signed a lot of longer-term charter deals. ...
Summary Global Ship Lease's fleet employment provides exceptional cash flow visibility. The recent charter extensions were the icing on the case. Capital returns should only accelerate from here, while the stock's massive undervaluation to NAV provides a substantial margin of safe...
Summary ZIM is an up and coming integrated shipping services company that is not yet well known. ZIM’s undue selling pressure could subside soon. ZIM provides a better service and earns a premium as compared to its peers. ZIM has some of the best partnerships in the...
Summary Two of my current top picks in the shipping sector are Danaos Corp. (DAC) and Global Ship Lease (GSL). Despite negative macro sentiment, both firms have continued to expand their contract backlog. GSL just announced a deal for six ships which adds $393M of EBITDA from 2024...
Summary RIG with 5.3% income yield smashes SPY's 1.46% with 22 companies paying dividends; income is up 20.67% from May Q2 and 15.85% from Aug 2021. RIG outperforms SPY by 15.43% which was down 16.18%, with RIG value being down 0.75% YTD at the end of August. There was 1 Augus...
Summary Danaos' stock continues to move downward despite the company's clear value creation path. The nosedive in ZIM's stock price should not have a material impact on DAC's prospects to trade higher. Danaos' investment case remains a waiting game, with strong catalysts to pu...
Summary Global Ship Lease is a containership lessor trading at a huge discount to adjusted NAV, currently estimated at $41/sh, which already includes a $2.5B discount relative to prevailing markets. The company recently announced six new five-year charters at a TCE of approximatel...
Summary Everyone loves ZIM Integrated, but what about its lessor, Danaos? Danaos trades at just 2x earnings and net debt is rapidly heading towards 0. The company has high visibility in forward cash contracted revenues. With the stock trading at just 9x pre-pandemic earnin...
Danaos reported a solid Q2 earnings release even as freight rates normalized. The market had also anticipated a solid card as it recovered remarkably pre-earnings. We posit that DAC has likely bottomed out in the medium term in July. Therefore, we are confident that the market has de-...
News, Short Squeeze, Breakout and More Instantly...
Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, announced today that (i) it has added $616 million to its contracted revenue backlog and (ii) has added an extra five newbuilding containerships to its orderbook. The contract revenue backl...
2024-06-10 21:28:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-30 05:04:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...