Danaos Looks Like The Cheapest Stock In The Market [Seeking Alpha]
Danaos Corporation (DAC)
Last danaos corporation earnings: 2/10 05:00 pm
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US:NYSE Investor Relations:
danaos.com/investors/overview/default.aspx
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Source: Seeking Alpha
Summary Danaos trades at just 1.5x forward earnings. Its debt load is high, but manageable. An improving global economy and the institution of a dividend could result in its shares quadrupling. Introduction What’s the cheapest stock you’ve come across? What multiple of GAAP earnings and free cash flow was it trading at? Is it possible for a company to trade at 1x earnings? In 2009, I came across Valassis Communications (the ticker symbol was VCI). The company had $1 of EPS and FCF, yet the stock had gone down to $1.30. The company had a lot of debt, and if its business deteriorated, it would have been unable to service it, resulting in bankruptcy. But service it the company did, resulting in a more normalized multiple in the high single digits. In a stroke of luck, the company won $500 million bought out at $34 So a situation like a company trading at 1x earnings usually results from most of the following conditions: Today I present to you a stock that's trading at 1.5x EPS, with
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News
- Do Options Traders Know Something About Danaos (DAC) Stock We Don't? [Yahoo! Finance]Yahoo! Finance
- Calculating The Fair Value Of Danaos Corporation (NYSE:DAC) [Yahoo! Finance]Yahoo! Finance
- Danaos Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Mohnish Pabrai Amplifies Stake in CONSOL Energy by Over 347%, Marking a Significant Portfolio Impact [Yahoo! Finance]Yahoo! Finance
- Danaos Corp (DAC) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic Growth ... [Yahoo! Finance]Yahoo! Finance
DAC
Earnings
- 11/12/24 - Miss
DAC
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form 6-K
- DAC's page on the SEC website