GSL is completelly insulated from current market downturn as it has already contracted out all of its charters for the coming years. Most of the charters are contracted with CMA GCM that is sort of its "parent company" that is being profitable even in this market.
Amazing that the gift is worth less today. After years of waiting the divi has been reinstated but the price is at 52 week lows. Someone must believe the divi will be revoked or were simply hoping for a bigger jump in SP after reinstatement.
How are we worse off now than a few months ago?
the people is selling GSL-B the preferrred not taking into account that gsl is not only paying common dividend but raising it on a sustainable charter fix strategy, whatever resembles to a ship we sell, panic selling
No not true Marersk is shipping and containers...just google it. And yes their eanings report was bad I only hope their new ships can bring in the kind of money they are looking for.
Yeah, that's why GSL is planning to INCREASE their dividend by 25% soon. Maersk is containers, not ships.
I hear Syria is in trouble too.
Maersk Line the world largest shipping container business just slashed 4k jobs and cancelled orderers for vessels. GSL earnings report wa not good we may be heading lower.
...the other odd thing is I heard the borrow is very expensive on GSL yet only less than 200k shares short....strange...looks like attempted bear raid failed
I cannot understanding this either. Yesterday somebody asked the last question on CC why the stock price continue to go down while GSL has the highest dividend coverage, lowest debt ration in the industry. Ian said he does not know either but will continue to come to US for investor conference. It is fair to assume that there should be no surprise news from the company in the short term.
what's going on today with big drop? No news today, just yesterday earnings...Is someone dumping because they think all of GSL's ships will be scrapped???
very low. Hard for a business making money to go BK. I think most of their coal properties will still be in operation for some time to come because there is a certain % of electricity generation that has to come from coal for the next 10-20 years. US is still heavily dependent on coal plants for energy regardless of what the administration will say. That said about only 45% of their rev comes from coal and coal royalties.
thanks so much, but what do you see as the bankruptcy risk of nrp? I see it is less dependent on only one source. They have high debt load..