I am a newbee considering this stock for the first time. I would appreiate feedback from veteren holders. First, how safe does the dividend look after the initial cut. Second, because of the current long term deals, how long will it take for rising rates to seriously impact earnings. Any other thoughts that should influence a buying decision would also be very much appreciated. Thanx for the help.
If we are to go off the RSI then you could argue that a pull back next day or so could occur on SSW before rallying up. Ive been struggling with this stock lately. Some of my other trades have been from awe.some.stock_s which are working out pretty well.
Interesting trade in the last hour. Hugh volume. Short covering?
There's too much risk here for a small dividend. There's much better choices that pay more with less risk. If they show earnings enough to raise the dividend, then maybe you take a nibble. SP should be under $5. Don't believe those fools at MF.
Yahoo Finance Insights
SSW is up 7.74% to 5.71
For once I actually bought more stock when it was going down to leverage my 11.00 buy price. 5.15. I am happy I did. I think this stock will rebound. I am a long.
Seaspan Corporation (SSW) Receives $6.92 Consensus Price Target from Brokerages
Shares of Seaspan Corporation (NYSE:SSW) have been assigned a consensus rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rat
The volume is VERY heavy - triple the normal daily volume. Nobody posting here (including me) seems to know what's happening, but somebody sure does...and they are obviously disturbed by what they know :-(
I wish I never bought this stock. What a mistake.
Wow, I can buy SSW for $570M, then sell off the long term contracts for 80 cents on the dollar, pay off the debt, liquidate any remaining assets, pocket any cash on hand, and close up shop for a tidy profit. Hmmmm?