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Seaspan Corporation: Buy This Shipper's Assets For $0.32 On The $1

Seaspan Corporation (NYSE:SSW) is one of those companies in the container shipping industry that fell off a cliff in 2008. About 90% of global trade volume is seaborne, so it's no surprise the global slowdown has had such a profound impact on the industry. Throw in a tightening of credit markets and you have one of the hardest hit industries over the past few years.

However, like a phoenix rising from the ashes, there are a couple companies that have capitalized on the opportunity to better position themselves in the industry, Seaspan is one of those. What's more, SSW offers investors a well covered 5.6% dividend yield.

Quick overview

SSW is a containership owner and manager, chartered under...

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