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

The Downside In Textainer

Textainer (NYSE:TGH) manages, leases and resells a fleet of intermodal freight containers. It is the largest independent lessor of container freights in the world. Textainer has been riding a wave of secular growth in international trade, and has therefore been aggressively expanding its fleet. At this point, the company now has nearly 3 million twenty foot equivalent units, up from 2.4 million at the end of last year. This company is also a dividend play, with a yield of 5% which has attracted income investors.

Lately, however, Textainer has been downgraded by numerous research firms and the company's stock has taken a noticeable hit. Many are rightly concerned about a growing supply of freight containers and how it...

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