SA: US CFOs’ top priority is cost-cutting amid economic uncertainty, survey finds
SEEKING ALPHA reports: With economic and geopolitical uncertainty lingering, finance chiefs in the U.S. have directed ...
SEEKING ALPHA’s Romil Patel writes:
– Danaos had a great Q1 and the current valuation is the cheapest in the containership lessor industry.
– There are big backlogs for the next two years, which will provide a shield against lower freight rates.
– Share repurchases finally seem to be on the horizon.
Introduction
I believe that Danaos is significantly undervalued by the market likely due to fears of a global recession. I find the risk of a significant global downturn to have little impact on Danaos ...
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