Casey Hoerth
Long only, long-term horizon, growth at reasonable price, dividend investing

Use Textainer's 5.2% Yield To Build Income Now

Textainer Group Holdings (NYSE:TGH) purchases, manages, leases and resells a fleet of intermodal freight containers. You may have seen their container freight boxes while driving or at any seaport. Their total fleet has been increasing dramatically. It is now over 1.6 million containers representing over 2.4 million twenty-foot equivalent units (NYSE:TEU). Textainer has three segments: Container Ownership, Container Management and finally Container Resale. Textainer makes its money by leasing out its intermodal containers to shippers or by managing those owned by the shippers. Once the container has reached the end of its useful life, it is sold to other parties and often used for static storage. Although they are the largest independent lessor and manager...

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