Seaspan Corp (SSW)
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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low relative PE, good star & 2010 earnings. Bottom fishing week of 11/2
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Growing fleet of new dry bulk carriers under long-term agreements. Price will pop when dividend is increased.
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PEGDY screen 9_18_2009
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Ghostship fleets off Singapore good market indicator
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Look at the wild divergence between this & the S&P500. If the economy doesn't improve enough to drag shipping stocks out of the mud within the next few years, then the S&P will surely fall to meet it.
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Overseas transport will increase because of China. The stock is very close to the 52-week lows. Considering investing real money.
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Expect this one to reach double digits before the end of the year.
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shipping is getting ready to ramp-up, inventories are down
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1. Rapidly growing fleet
2. Policy of tying in contracts with vessels even before delivery a sound one.
3. Still pays a small dividend
Overall, it isn't in rude health. Certainly not enough to warrant this price.
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Friday's close at 6.08 gives SSW a 6.5+ dividend well covered. Management says divy cut is temporary. Imagine the stock price if the divy goes to .20 +. (Half of what it was cut from)
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Big ship passing through! Well a little shipping company trying to capitalize on globalization. I think that the need for this industry (like trains) is not going away and that while capital intensive it will float and rise with expansion global commerce. Recent fear of debt and scaling back of key clients has the market trying to sink this ship but while I cannot predict the short term I do believe that investors at these prices will be rewarded. Outperform!
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Shipping stocks will not pick up until trade picks up. Also, new container vessels continue to be delivered which adds more tonnage to the problem.
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Superior business model of pairing long-term contracts with new ships prior to purchase, minimizing exposure to the spot market. They also cut their dividend in a conservative move from balance sheet management motivation, not from a debt maturity nor from a liquidity crunch perspective.
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fantastic growth potential in reserves, production and earnings
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Long term contract. Way under book value.
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Great business model
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Still yielding over 5% dividend.
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Thanks vanamonde
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Oversold when div reduced.
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MOST companies cut dividends today because of debt convenants, cash flow problems, reduced revenues,.
SSW Q1 profit $0.31/shr vs yr-ago loss $0.65/shr.
Q1 revenue up 16 percent. Slashes dividend to fund new building program. No equity dilutions as we see at other companies. Smart move SSW, increase your return on equity!

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