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Danaos Corporation (“Danaos”) (NYSE: DAC), one of the world’s largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2022. Highlights for the Fourth Quarter and Year Ended December 31, 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 fourth quarter ended December 31, 2022, after the close of the market in New York on Tuesday, February 14, 2023. The Company’...
Summary In this article, I analyze the behavior of cyclical stocks using the example of Danaos Corp. Danaos stock priced-in too much of cycle reversal fears, in my opinion. We do not see a gap-up in the company's valuation even after a couple of years. Expansion of DAC's buyback...
Summary Grindrod Shipping's business has remained highly profitable, and management is looking to pay out 30% of net income as dividends. A recent offer at a 17% premium has not been accepted, as investors see value greater than its current trading price. Our economic analysis sugge...
Summary In 2022, I made lots of mistakes that I want to share with my audience. I got hit hard with the geopolitical risks of my portfolio. I lost 15% of my purchasing power in February. These losses could have been made acceptable by proper position sizing and better risk managemen...
Summary November 2022, AAII Journal listed eight sets of stocks: Model Portfolio; Dividend Investing; Growth Investing; MGQ Superstars; VRQ Superstars; FEVQ Superstars; VGQ Superstars; VMQ Stocks. Of 30 top-quality-equities, 23 paid dividends. The American Association of Individual Inve...
Summary Global Ship Lease is a quality container ship company with high visibility into near-term profits. Existing contracts make it very likely that 2023 and 2024 will be two strong years earnings-wise. A solid balance sheet, a high dividend yield, and hefty surplus cash flows/pro...
Summary Containership rates continue to plummet, but Euroseas features strong earnings coverage in the coming quarters. Uncertainty looms post-2024, but the dividend should remain covered even if earnings decline substantially. Active repurchases, massive discount to NAV, and secure...
Summary What is the ocean freight market outlook for December 2022? Let's compare the financial and operational metrics of Danaos Corporation and Global Ship Lease, Inc. to pick a winner. I guess that Danaos has been given a valuation discount by Wall Street to Global Ship Lease and...
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...
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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...