Was just having a bit of a look around to see what has been running smoothly and avoiding all the turmoil that the tech stocks are currently going through and spotted Danaos.
From their website, Danaos Corporation is one of the largest independent owners of modern, large-size containerships and charter their containerships on long-term contracts at fixed rates to many of the world's largest liner companies.
With the bit of a blip caused by the EverGreen ship stuck and now freed in the Suez Canal, it will be interesting to see if this continues its run.
Could be worth a look.
Comment
⋅
Nice big bolly breakout on volume. Just before earnings, so need to keep a close eye on which way it breaks.
Got into this and NMCI recently and then a containership gets stuck in the Suez. Arrgh just me luck. =\
zAngus
⋅
@zbfairlane, hehe. Lets hope for a bounce back :D
cpcook
⋅
@zbfairlane, this should be helpful to their profitability...puts them at an even greater competitive advantage short term. They own the ships and lease them to the liners. With all the congestion and decreased traffic every shop becomes more valuable...Liners are the ones who will get hit with all the increased costs.
cpcook
⋅
Also I noticed this stock typically dips every morning right around when the market opens. Sometimes by a lot. Nice opportunity to get more shares as it usually rallies later in the day
cpcook
⋅
I have a good feeling about earnings. Think DAC has more room to run too!