$2.50 per share EPS by 2024. This makes fwd PE about 4x. Thinking I should put more money here?
B
I am waiting on the market, interest rates, recession news. Not a buyer yet but will be doubling down when I believe we are at the bottom of this bear market. Many talking heads say we are not at the bottom yet. I don't believe we are either. 5,000 more to go in my opinion. A lot of bad weather still ahead I think.
i
No one talking about this company anymore. the stock has languished but ATCO will have amazing results in the second quarter. They intend to sell 4 more vessels in the second quarter which will generate cash and earnings. APR should have a good quarter. The results wont be reported until early August , but when they are reported lit should provide a nice boost to the stock. I still look for $18-20 bey the end of the year.
B
Well on the bright side, with the stock price dropping the dividend is looking better. If the stock price dropped to $5.00 the dividend will be a 10% return.
B
Let's see, high debt, dividend not well covered, and shareholder dilution this year. Sokol won't make a bad deal. Seems he already has.
T
Atco has cheaply borrowed cash and long term contracts. Why sell the stock? Take it down to a 5 yield and ill buy some more
B
Waiting for the bottom. Will double down then and lower my break even point.
z
we were told to expect 3 newbuilds delivered in June
i think we've got them and haven't been told
it's disappointing that there's no press release
T
Back to all time highs we go. They are able to borrow cheap and long
B
P&E seems pretty cheap. Anyone know the industries ave. P&E?
B
If it ever gets back $16.00, I'm out of this stock. All profits are going to top tier executives and major corporate shareholders.
P
Recession is much more likely now. With close to a $250 mill in cash and access to Fairfax cash, Sokol is going shopping in the next few yrs. If you need cash soon, this isn’t for you. It’s going to get even bumpier but this is when conglomerates are made. If you love business, get ready for a masterclass on capital allocation
R
no surprise here for me. I got out a couple months ago when I found out the lease rates for their newbuild fleet. The 3 ships build and delivered in late 2021 are on 18 year leases for $24,100 per day less than 1/5 the current spot market rate and with no apparent provision for inflation. I sold ATCO and bought ZIM, because it looked like they were on the other side of some of these leases. Couldn't find the lease rate for the newest delivery , but I guess that was delivered in April and won't show up until next quarter. ZIM is also down, but expect $12 - 15 earnings in Q1, so it won't stay down long.
J
I sold before market closed. Higher interest rates will drive this down along with the broader market. If the 10yr yield is going to be 4% then ATCO should yield 6-7%
M
Added another 500 shares @12.56 hopefully they have good news
G
What is wrong with this equity? Sokol should be fired immediately!
s
Crushed the numbers but dumping in after hours, OK then. Buying more in the morning.
z
huh?? in Bing's opening comments he says they took delivery of a newbuild in April
excerpt: Seaspan continued diligently executing its newbuild program with one newbuild delivery in April ahead of schedule.
that wasn't announced in any press release that i can find anywhere
D
First quarter 2022 financial performance compared to first quarter 2021: Revenue growth of 9.5% to $408.1 million Net earnings of $169.4 million and Diluted EPS of $0.56 Adjusted EBITDA(1) growth of 16.5% to $277.1 million Adjusted diluted EPS(1) growth of 56.0% to $0.39 FFO per diluted share(1) growth of 21.7% to $0.73
K
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i think we've got them and haven't been told
it's disappointing that there's no press release
ZIM is also down, but expect $12 - 15 earnings in Q1, so it won't stay down long.
in Bing's opening comments he says they took delivery of a newbuild in April
excerpt:
Seaspan continued diligently executing its newbuild program with one newbuild delivery in April ahead of schedule.
that wasn't announced in any press release that i can find anywhere
Revenue growth of 9.5% to $408.1 million
Net earnings of $169.4 million and Diluted EPS of $0.56
Adjusted EBITDA(1) growth of 16.5% to $277.1 million
Adjusted diluted EPS(1) growth of 56.0% to $0.39
FFO per diluted share(1) growth of 21.7% to $0.73