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Atlas Corp. (ATCO-PI)

NYSE - Nasdaq Real Time Price. Currency in USD
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27.50+0.20 (+0.73%)
At close: 3:50PM EDT
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  • B
    BJNEWBOY
    Six years later and I am Finally ahead in this stock.
    Bullish
  • S
    Steve Cohen
    Here we go! Above $16 first time in 5 years!
    Bullish
  • R
    Retireyung
    A double since June 2020 and looking for another double by the end of 2022.
    Time for an big standby power deal or two.
  • J
    JAVIAN
    Buying puts. This has $5+ billion in debt, has the highest P:E ratio for its sector
  • R
    Retireyung
    Guess what....... container shipping rates for 8500 TEU vessels is up again $125,000 per day vs $27,000 per day one year ago and $115,000 last week. the 4250 TEU ships are also up to $88,000 per day vs $12,500 per day last year and $85,000 per day last week.

    Demand must be high and so many shortages of goods implies the market will remain strong .

    Bargain stock price wthl these fundamentals.....
  • S
    Steve Cohen
    Is it only me or others feel this is a cheap stock with current/future charter rates? $20 seems easy and is slowly crawling!!! HODL
    Bullish
  • z
    zxqwertas
    just broke the 1 year high

    about time !!
  • S
    Steve Cohen
    The strength of this stock suggests it will test $20 EOY
    Bullish
  • i
    irish
    Over 2 million shares trading today. Some one is loading up. Hopefully that means there will be some big announcement in the near future. But then again, it could just be some hedge fund that realizes the stock is selling for half price. Time will tell.
  • P
    Pete
    More growth announced today. By end of 2024 this will have grown by close to 70% (on a TEU basis) with better average rates (implied) across the board. Revenue growth should exceed that.
    Hard not to love.
    Wish the share price would reflect this future growth, which is not just potential, but actually contracted.
  • R
    Retireyung
    charter rates moving up again, $115,000 per day for the 8500 TEU and $85,000 for the 4250 TEU Vessels
  • J
    Jeb
    This article appears at TradeWinds behind a paywall. If anyone can access it, I'd be interested in the details.

    Seaspan Corp gears up to order 24 containerships in $2bn China splash

    New York-listed shipowner is said to have enquired about ammonia fuelling as it prepares orders at CSSC yards

    25 August 2021 23:37 GMT UPDATED 25 August 2021 23:37 GMT
    By Irene Ang in Singapore

    Seaspan Corp is poised to order up to two dozen intermediate-size containerships worth more than $2bn, shipbuilding market sources said.
  • R
    Retireyung
    what will long term debt look like in 2 years? Does Seaspan have a lot of interest rate risk or are they locked into long enough terms to navigate rising interest rates?I looks to me like they have little risk but I may be missing some important facts. They have said all the new builds have zero inflation risk
  • S
    Steve Cohen
    Prem Watsa just added more and filed it today! He likely owns close to 60% of the share! He is the Warren Buffet of Canada.
    Bullish
  • D
    DICK
    Is ATCO's debt at a manageable level ?
    Your opinion please---thanks
  • R
    Retireyung
    week 4 no change in rates... $111,000 per day for the 8500TEU and $83,000 per day for the 4250 TEU
    I would thought they might pull back a bit
  • B
    BJNEWBOY
    Just read an art. about Hydrogen fuel cell vehicles Hyzon motors and SCG agreement to convert SCG vehicles to Hydrogen fuel cells. Also a movement by Chine in shondang to produce electricity using Hydrogen energy. this movement to zero carbon seems to be in full swing. To me that means more narural gas, Hydrogen gas will be needed. Sure makes me believe ATCO is on the right path to to profit from this whole movement to zero carbon.
  • R
    Retireyung
    rates are steady, 3 weeks of no change in charter rates for the 8500 or 4250 TEU sized vessels. $111,000 per day for the 8500 TEU sized vessel vs $25,500 per day last year
  • L
    Led Tasso
    With FFO at $.73//shr/qtr, what does ATCO do with the cash pile it is generating and will generate during the coming quarters? Buy back shares like Buffett/Apple? Increase dividend? Save and retire preferreds when they mature? What's the bang for the buck outcome you would like to see?
  • R
    Retireyung
    A couple interesting notes in the conf call transcript --

    "For example, a couple of years ago, we developed those floating rates, which today we have about 15% of our fleet is on these floating rate, which has the exposure to the current high spot rate. So even though our business model is long term, but out of our long-term committed capacity, about 15% of our capacity is exposed to the short-term current market high rate. "'

    "The high steel price actually is beneficial for us should and if when we decide, for example, to sell the vessels, those value will go up because the scrap value will go up. But other than that, from our perspective, there is no exposure to any commodity or equipment price volatility because that's all been fixed. In other words, we have no inflation risk."