Danaos: Just Far Too Cheap, It's A Buy [Seeking Alpha]
Danaos Corporation (DAC)
Last danaos corporation earnings: 2/10 05:00 pm
Check Earnings Report
US:NYSE Investor Relations:
danaos.com/investors/overview/default.aspx
Company Research
Source: Seeking Alpha
DAC has paid down so much debt, its Enterprise Value is back to the COVID lows. Negative sentiment from an oversupplied container shipping industry is weighing on sentiment and DAC's share price. DAC Management has done a great job over the last few years and deserves more credit for their capital allocation. Continued earnings and cash flow, along with share repurchases, could narrow the discount to book value and push the share price higher over the next year. The shipping industry doesn't generate a lot of excitement for most investors. Even within the shipping sector, containerships are a particularly unfavored industry right now as the boom of 2021-2022 resulted in a too many additional ships being ordered, which are just beginning to hit the water now. But within this space, I believe Danaos Corporation ( NYSE: DAC ) has done just about everything right and will still perform very well over the next few years. Bear Case - Too Many Boats! Let's start with the bear
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DAC
News
- Is Danaos (DAC) Outperforming Other Transportation Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Danaos (DAC) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Danaos (DAC) Stock Moves -0.15%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- 3 Shipping Stocks to Bet On From a Thriving Industry [Yahoo! Finance]Yahoo! Finance
- Is Danaos (DAC) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
DAC
Earnings
- 2/13/24 - Miss
DAC
Sec Filings
- 3/27/24 - Form 144
- 3/7/24 - Form 144
- 3/1/24 - Form 144
- DAC's page on the SEC website