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9 pts

Opinion on  Seaspan Corp. (SSW)     Sector: Transportation  >  Industry: Water Transportation
Seaspan Corp - Why is it a buy?

Oct 03, 2007 04:57 AM GMT
Return Risk
-12.88% HIGH
Sr. Analyst

This is a well-run company looking to benefits from increasing trades in the coming years. This company build ships and then lesase them to shipping companies with long-term contracts. The company is planning to expand its fleet to 100 ships by 2010. Given the fixed rate, long term nature of its charters, Seaspan enjoys a highly predictable, steady stream of cash flow. Seaspan’s total contracted fleet, which consists of ships currently in use and those that are nder construction, now stands at 63. This is up from just 41 at the time of its August 2005 IPO. This stock has a dividend yield of 5.5% and is very likely to increase its dividend next year.

 


SSW:  This call was made on 10/03/07 @ $32.17
Rating:   Positive   $32.17 (10/03/07)
Gain/Loss:   -71.68% in 783 days
Target:   $40.00 (+24.34%) in > one year


+ Referring to this analysis:


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Who voted on this idea?
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gene fleszar 62% 10/05/2007
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Your Adarsh  3 % 10/03/2007


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