Tag Archives: DAC

Figuring out stock price movement

By Tim | Published: August 7, 2009
I received this note in an email: I listened to the Seaspan investor conference this morning and came away thinking that, as I have for some time, here is a well run company in a tough sector and tough times. I was surprised to see the stock take a drubbing this morning…now down sixty cents or [...]
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Danaos Corp. reports 1st quarter results

By Tim | Published: April 30, 2009
Danaos Corporation. Danaos Corp DAC has released their 1st quarter numbers and the press release is linked above. Reading the DAC report is like deja vu all over again. It looks a lot like fellow container shipper Seaspan Corp [[SSW]. Both appear to have good long term contracts for most if not all of their vessels [...]
Posted in Container | Also tagged | 1 Comment

Suspended dividend shipping company list

By Tim | Published: April 21, 2009
I have received an email requesting a list of shipping companies that have suspended or slashed their dividends. I have been tracking the shipping stocks I know of using Google Portfolios and have kept a sub-portfolio of the companies which have suspended dividends. This list is compiled from my own reading and research so any [...]
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Shipping Stocks Performance Year-to-Date

By Tim | Published: March 27, 2009
It is (almost) the end of the first quarter of 2009 so I thought I would put up a little data on how the shipping stocks I track have fared. I keep a Google portfolio that has been tracking the values of 42 shipping stocks on an equal dollar weighted average since January 1, 2009. [...]
Posted in Container, Dry Bulk, Featured, Other, Tanker | Also tagged , , , , , , , , , , , , | 5 Comments

Danaos 4th quarter and year end results

By Tim | Published: March 13, 2009
56184.pdf (application/pdf Object). Linked above is the 4th quarter and year end earnings results for Danaos Corporation DAC. Danaos is an owner of approximately 40 container ships. For 2008 the company had pretty nice results. But 2009 looks like it could be pretty rough. The press release outlines the economic factors affecting Danaos. The fact that gets [...]
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