Triton International: Trading At A Large Discount, But Coronavirus Remains A Threat [Seeking Alpha]
Triton International Limited Common Shares (TRTN)
Last triton international limited common shares earnings: 4/24 06:30 am
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ir.trtn.com
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Source: Seeking Alpha
Summary The global shipping industry has struggled with the trade-war over the past two years and now the supply-chain-halting Coronavirus. The world's largest shipping-container lessor, Triton International, is a high dividend stock that is trading at a low valuation due to this uncertainty. If you believe the data that shows Coronavirus cases rapidly slowing, Triton is a great value investment due for a rebound. However, if the virus halts supply-chains in China and now Japan for more than a few months, it could make Triton into a value-trap. Triton's focus on improving solvency and free-cash flow has strengthened their buffer from this black-swan event. ( Pexels Triton International ( TRTN The company is cheap with a very low forward "P/E" ratio of 8.6X and a high dividend yield of 5.5%. The asset-rich company is also not trading too high above its book value. Clearly, investors are placing a heavy discount on Triton, particularly when competitors like Textainer ( TGH Since the com
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