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Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, today announced that it expects to repurchase $37.234 million of its 8.500% unsecured senior notes due 2028 in a privately negotiated transaction. About Danaos Corporation Danao...
Summary During Q3, Danaos Corporation sold all of its remaining stake in ZIM. Powered by its strong profitability and debt reduction, Danaos' net leverage is approaching 0. DAC shares have set up perfectly for massive buybacks, and it's only a matter of capital allocation at t...
Danaos Corporation (DAC) Q3 2022 Earnings Conference Call November 8, 2022 09:00 AM ET Company Participants John Coustas - Chairman, President and Chief Executive Officer Evangelos Chatzis - Chief Financial Officer Conference Call Participants Omar Nokta ...
Summary DAC stock has had underwhelming performance since IPO, but hit an inflection point during covid. Freight rates spiked during covid but are settling down lately. The stock is definitely cheap today, but could remain low for a while leaving the dividend as the main contr...
Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the period ended September 30, 2022. Highlights for the Third Quarter and Nine Months Ended September 30, 2022: ...
Danaos Corporation (NYSE: DAC ), one of the world’s largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2022, after the close of the market in New York on Monday, November 7, 2022. The Co...
Summary The container ship lessors are the cheapest asset class in the world. GSL, DAC, NMM, MPZZF, and CMRE compared side by side. Danaos sports guaranteed revenue and a rock-solid balance sheet. Danaos is extremely cheap and prepared for the eco-transformation. Danao...
Summary ZIM is a battleground stock that has pulled back a lot in recent months. Weak container shipping markets have hurt its profit outlook, and there are major uncertainties, although there are also opportunities. There are other ways to play the container shipping market, ...
Summary In April 2022, I published my first article on ZIM: 'The ZIM Wave Is Nearing Its Breaking Point' I warned investors about buying ZIM because I thought the cycle for Liners had peaked. Instead, I suggested buying Containership Lessors, which will have surging cash flows...
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...
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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...