Seaspan Corp (NYSE:SSW)

CAPS Rating: 5 out of 5

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


Player Avatar TheArchivist (41.91) Submitted: 3/6/2013 7:50:14 PM : Outperform Start Price: $18.14 SSW Score: -28.56

Dividend and Fleet expansion will weigh on stock, but a dividend is a good thing. Fleet expansion will increase revenues. Still have to wait for charter rates to rise. Long-term contracts might preclude benefiting from this, though. For now, Seaspan looks to be in solid shape even if growth lags a little.

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