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$11.42 -1.35 (-10.57%)
10/10/2008 4:05 PM

Seaspan Corp (SSW)

CAPS Rating:
****

The Company's business is to own containerships, charter them pursuant to long-term, fixed rate charters and seek additional accretive vessel acquisitions.

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Recs

1

Avatar Turtleread (51.53) Submitted: 5/31/08 11:18 PM : Outperform Start Price: $27.20 SSW Score: -4.45

1. This pick is speculative so don't bet the rent money.
2. Not many shipping companies are publicly owned.
3. Most of the shipping is being done in the highly rewarded Pacific region (think China, India, Japan).
4. 5 yr. growth is 56.8%.
5. Dividend at $1.90 (7.07% rate) is not shabby by any means.
6. Gross margin: 76.90%.
7. Low end of the 52 wk. range so pick up some shares around $24-25.
8.More ships being build and purchased for company.
9. Book value per share: $12.73.
10. ROE: is a negative right now (spec.)

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