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2023-10-30 13:38:49 ET Summary Danaos has been managing its business differently than others in the maritime shipping industry by stockpiling cash and paying off debt. The company holds more current assets than debt, which is rare in the containership sector. Shares are incred...
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, 2023, after the close of the market in New York on Monday, November 13, 2023. The Company’s...
2023-10-26 09:15:00 ET Summary Danaos' management has consistently overlooked rewarding common shareholders despite operational excellence. Even though the company currently features one of the cleanest balance sheets in the industry, capital returns are still overshadowed by othe...
2023-10-14 01:56:27 ET Summary Danaos Corporation offers a strong balance sheet with ample liquidity, supporting opportunistic capital allocation. Its dividend yield may not be the highest, but is supported by great coverage and excellent free cash flow. No significant maturit...
2023-10-04 09:00:00 ET Summary Last year, I wrote a report on Seeking Alpha titled: "Excellent Time to Overweight Shipping Positions." This was controversial due to the challenging macro environment, but over the course of 1 year, the four picks in that report returned 36.7%. ...
2023-09-20 08:00:00 ET Summary Danaos Corporation and Global Ship Lease, Inc. are two of the world's largest containership owners and operators. These have been significant long positions in my portfolios and research models dating back to mid-2020. Last September, I mentioned bot...
2023-09-18 11:50:45 ET Summary ZIM Integrated Shipping Services Ltd. has experienced a significant decline in earnings due to easing supply-chain constraints and a slowdown in the global economy. The company's financial performance in H1 2023 showed a decline in revenue and averag...
2023-09-12 17:16:01 ET Summary Euroseas Ltd is a global ocean-going transportation service company specializing in feeder and intermediate containerships. Supply-demand dynamics within the containership industry aren't too positive, but ESEA is better placed to cope with these pre...
2023-08-28 11:21:31 ET Summary Shares of dry bulk transporter Eagle Bulk Shipping Inc. are the subject of considerable intrigue, after 28% were repurchased at a 19% premium to their prior close on June 22nd. The move was to fend off a potential hostile takeover from container ship...
2023-08-17 06:35:10 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips Finding the best small cap stocks to buy can be tricky. The markets have had a great run since last year, but now there’s showing signs of losing steam. Large-cap companies are neari...
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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...