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 XMFChaodan (74.89) Submitted: 7/24/2013 10:23:32 AM : Outperform Start Price: $19.52 SSW Score: -24.46

Has lots of cash and higher dividends than the average currently (5.8% compared to average of 3% in the stock market) and is planning on increasing dividends. Its long-term fixed rate charters also play a role in ensuring a steady income stream and cash flow. Not to mention its fleet is newer and more modern than the industry average, giving them an advantage in the next few years or so. The average age of their fleet is 6 years old, compared to industry average of 10 years old. So while everyone is making repairs to their fleets in the coming days, their ships will not be due for repairs yet. Aside from that, they are already purchasing more to add to their fleet.

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