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A Shipping Company Defying A Downturn led by Economic Fears?

|Includes:Seacube Container Leasing Ltd. (BOX-OLD)

It's happening:

BOX vs SPX 5-day chart
courtesy Yahoo! Finance; BOX in blue, SPX in red click to enlarge

Don't ask me why a company with an 8% dividend yield that makes its money leasing containers for worldwide shipping is holding up just fine as the stock market shows sheer terror about worldwide economic prospects. Acquisition rumors? Institutional buying? 


Disclosure: No positions. 

Stocks: BOX-OLD