Danaos: The Best Of The Containership Lessors

Stephen Read profile picture
Stephen Read
237 Followers

Summary

  • The container ship lessors are the cheapest asset class in the world.
  • GSL, DAC, NMM, MPZZF, and CMRE compared side by side.
  • Danaos sports guaranteed revenue and a rock-solid balance sheet.
  • Danaos is extremely cheap and prepared for the eco-transformation.
  • Danaos won the top containership lessor comparison.

Racers holding trophy and champagne

Tom Merton/iStock via Getty Images

There are 4 reasons why Danaos (NYSE:DAC) is worth researching and could compete for a spot in your portfolio. The first reason is the containership lessor asset class, of which Danaos is a part of, has some

Sector PE

HIT Capital PE Sector Research (HIT Capital)

Containership Value Comparison

Quality and Value (HIT Capital)

Backlog Comparison

Containership Contracted Backlog Comparison (HIT Capital)

EV / TEU

HIT Capital

This article was written by

Stephen Read profile picture
237 Followers
Mr. Stephen Read is married with 3 children ages 8, 6, 6. When he isn’t fathering or out exploring he manages the fund HIT Capital. Stephen combines his computer programming and research skills to identify reasonably priced and growing businesses.After graduating from Missouri S&T with a B.S. in Mechanical Engineering he worked for ConocoPhillips, with a leave of absence, summer of 2008, which he played professional baseball. He has since retired from ConocoPhillips after reaching financial independence in 2020. He is passionate about helping others save, invest, and follow their calling.  Stephen is a registered Investment Adviser in the state of Texas and writes a blog on personal and behavioral finance at www.hitinvestments.com. One of Stephen’s favorite quotes is from 2 Corinthians 9:6 “Remember this: Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously.”

Disclosure: I/we have a beneficial long position in the shares of DAC, ZIM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Stephen Read is the founder of HIT Investments, the general partner of HIT Capital, of which has a beneficial long positions in ZIM and DAC through stock ownership and options. More disclosures can be found at https://www.hitinvestments.com/disclaimer/

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