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Container shipping stocks have cratered, largely due to macro fears, dragging down container ship lessors, like Danaos, with them. This is undue, given Danaos' reliance on long-term charters and the fact that charter rates continue to climb. Finally, Danaos has taken advantag...
Danaos continues to enjoy robust market tailwinds. The company is set to record another year of record profits, yet the stock trades at a substantial discount to NAV. Combined with ZIM's dividends and newly announced buybacks, the stock could see $150 by the end of the year. ...
Gainers: FedEx FDX +14%, Titan International TWI +12%, Evolv Technologies (EVLV) +11%, Terran Orbital (LLAP) +10%, Danaos (DAC) +9%. Losers: Euro Tech Holdings (CLWT) -16%, American Superconductor (AMSC) -14%, AeroClean Technologies AERC -11%, ToughBuilt Industries (T...
Shipping stocks led by ZIM Integrated Shipping (NYSE:ZIM) sank in Wednesday's trading as J.P. Morgan analysts said they anticipate a slowdown in freight traffic will hurt the sector and singled out the company as a stock that will underperform, according to Bloomberg. While ZIM closed -1...
Rose’s Income Garden “RIG” portfolio value is up 6.1% YTD, up 2.3% from April, beating the S&P 500 by ~19.4%, which was down 13.3% YTD. May Income beats 2021 by 25.35%; dividend yield remains 4.9% with 19 company payments revealed along with 1 raise. Trans...
With the ending of lockdowns in China and resuming economic activities, the demand for container vessels will increase, making charter rates climb. Due to a strong 1Q 2022 financial results, the ending of COVID-19 lockdowns in China, and the company’s new developments, I am bul...
Danaos Corp is one of my top picks. With nearly the entire fleet now fixed on medium- and long-term charters, the risk/reward setup is the best in years. Results have been outstanding. DAC reported $11.36/sh EPS for Q1-22. Excluding the significant contribution from ZIM, core EPS...
Danaos had a fantastic first quarter, buoyed by a $110 million dividend from ZIM. The company showed excellent charters and operating revenue. With this income, Danaos is further reducing its debt to become the shipping lessor with the best balance sheet. Though many would lik...
Image source: The Motley Fool. Danaos (NYSE: DAC) Q1 2022 Earnings Call May 17, 2022 , 9:00 a.m. ET Operator Continue reading For further details see: Danaos (DAC) Q1 2022 Earnings Call Transcript
Danaos Corporation (DAC) Q1 2022 Earnings Conference Call May 17, 2022 09:00 AM ET Company Participants Evangelos Chatzis - Chief Financial Officer John Coustas - Chief Executive Officer Conference Call Participants Chris Wetherbee - Citigroup Jay Mintzmyer - Value Investor’s Edge Pres...
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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...