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In my opinion, the fact that Danaos does not have such a high dividend yield is not a reason for value investors to pass the stock by. Danaos has a strong revenue backlog for years to come, and with the market pricing a recession, HARPEX's performance suggests that the industry's bull...
Shipping stocks have plummeted recently, and the global economy has slowed. Container freight prices have tumbled as leading data suggests a decline in import volumes. Business inventories have surged while demand has peaked, indicating a continuing decline in import demand may be...
Eagle is a highly profitable shipping company with a current yield of c.13%. Although there are headwinds ahead, we think charter rates should remain elevated for an extended period of time, allowing investors to capitalize. The business is currently trading below its book value, ...
Global Ship Lease's fleet employment provides exceptional cash flow visibility. The company's well-balanced capital allocation strategy builds equity value while returning substantial cash to shareholders. GSL stock appears considerably undervalued both from a future earnings pote...
Chinese automaker Chijet Motor Company plans to go public through a merger with SPAC Deep Medicine Acquisition Corp. ( NASDAQ: DMAQ ) that pegs the implied enterprise value of the combined company at around $2.55B. The deal, which is slated to close in Q4, is expected to g...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Avigator Fortuner / Shutterstock.com On July 6, dry-bulk shipping specialist Seanergy Maritime (NASDAQ: SHIP ) announced the completion of a spinoff of United Maritime (NASDAQ: USEA ). That saw USE...
Container shipping company ZIM is generating bumper profits. The stock has pulled back as concerns grow about a recession and a decrease in shipping rates. Although the company’s profits are bound to fall, the stock offers 40% upside even if profits drop by two-thirds. ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The shipping industry has shown resilience in 2022. The Dow Jones U.S. Marine Transport index is up by less than 1% but hasn’t dropped below its January opening value all year. That’s good news for anyone lo...
NEW YORK, June 21, 2022 (GLOBE NEWSWIRE) -- The 8 th Capital Link Maritime Leaders Summit took place in Athens, on June 6 th 2022, and it was a Posidonia Conference Program Event. The tile of this forum was “Greek Shipping at the Forefront of Global Trade – Drivi...
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...
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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...