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Teacherman1 (47.67)

Quick Heads up on TEU & DCIX

Recs

5

November 12, 2011 – Comments (3) | RELATED TICKERS: TEU , DCIX

Announced earnings and a $0.30 dividend on or about Nov.29 to holders of record as of Nov. 21.

You will have the first 3 or 4 days of next week to buy if you are interested.

It was up to $11.04 after hours, and even at that price it had an annualized yield of almost 11%.

It is reasonable to assume that investors would still be interested at a yield of 7% to 8%, which would give it a reasonable price of $15 to $17 per share.

I'm not saying it will go there, but it will likely rise more next week.

I am not including all of the details on their earnings, etc, because you can easilly read it on Yahoo Finance. Perhaps they will finally get around to updating the quarterly financial information on both them and DCIX.

For those of you who bought "cheaply", there is an opportunity to sell half, or less of your position, and hold the balance for future dividends with the equivalent of a zero cost basis.

While DCIX will not pay as high a dividend at TEU, it will be reporting Q3 results not too long from now, and it is likely that there will also be a significant rise in their share price as well.

They are a more conservative version of TEU, with a stronger balance sheet.

JMO and worth exactly what I am charging for it.

3 Comments – Post Your Own

#1) On November 12, 2011 at 4:28 PM, Teacherman1 (47.67) wrote:

I meant to add this link.

http://finance.yahoo.com/news/Box-Ships-Inc-Reports-Third-iw-1376314392.html?x=0&l=1

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#2) On November 12, 2011 at 4:52 PM, shamapant (84.46) wrote:

Rec, Rec, Rec. I finally got around to doing my own analysis of DCIX, the insider ownership is what reallly convinced me. I bought in at 5.15, but I am planning on buying call options too soon. I figure the price correction will be better realized in the cheap call options that don't take account for the dramatic earnings increase.

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#3) On November 12, 2011 at 5:19 PM, Teacherman1 (47.67) wrote:

Hi shamapant.

Glad you bought some. You got in at a better price than I did, so you should do well even without the options, but that's not a bad idea to add some "spice" to your portfolio.

Remember, about 75% of their outstanding shares were offered at $7.50, when they went from 6M to 23M shares.

Don't know how quickly they will go up, but this is a reasonable "benchmark" for an intermediate "target price".

We will see when they do their Q3 report on the 22nd. This should get them more attention and hopefully fuel interest.

Have a great weekend "youngin".

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