MPC Container Ships: Excellent Performance, Poor Market [Seeking Alpha]
Danaos Corporation (DAC)
Last danaos corporation earnings: 2/10 05:00 pm
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US:NYSE Investor Relations:
danaos.com/investors/overview/default.aspx
Company Research
Source: Seeking Alpha
The company has a strong operational and financial track record but faces headwinds due to global fleet growth and an uncertain market outlook. MPZZF's leverage is low and it has no significant maturities until 2027, but there are risks associated with trading in a small stock listed in an illiquid currency. Investment Thesis On February 27, 2024, MPZZF released its Q4 figures. It reported Q4 revenues of $153 million and EBITDA of $94 million. The market did not like these numbers, and its 2024 guidance sent the share price down almost 11 percent from its close on February 26. This article updates my previous article on (MPZZF), written on November 28, 2023. In that article, I argued that its recent price drop provided an attractive pricing point for investors but warned that 2024 and onwards were likely to bring lower yields. MPZZFs operational and financial track record is excellent; it sports a fleet of more than 60 intra-regional container ships ( Company Overview MPC
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News
- 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
- Danaos (DAC) Suffers a Larger Drop Than the General Market: Key Insights [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