Global Ship Lease: This Massive 9% Yield Is A Buy

Summary

  • Global Ship Lease is a quality container ship company with high visibility into near-term profits.
  • Existing contracts make it very likely that 2023 and 2024 will be two strong years earnings-wise.
  • A solid balance sheet, a high dividend yield, and hefty surplus cash flows/profits make GSL look attractive.
  • This idea was discussed in more depth with members of my private investing community, Cash Flow Club. Learn More »

Container Ship Beneath Bridge

shaunl

Article Thesis

Global Ship Lease (NYSE:GSL) is a container shipowner that is generating highly attractive profits thanks to having locked in high charter rates during the pandemic. I think Global Ship Lease will easily earn more than the current

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This article was written by

52.55K Followers

Jonathan Weber holds an engineering degree and has been active in the stock market and as a freelance analyst for many years. He has been sharing his research on Seeking Alpha since 2014. Jonathan’s primary focus is on value and income stocks but he covers growth occasionally.

He is a contributing author for the investing group Cash Flow Club where along with Darren McCammon, they focus on company cash flows and their access to capital. Core features include: access to the leader’s personal income portfolio targeting 6%+ yield, community chat, the “Best Opportunities” List, coverage of energy midstream, commercial mREITs, BDCs, and shipping sectors,, and transparency on performance. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of DAC, GSL 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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