Seaspan Corp.

SSW-N

Analysis and Opinions about SSW-N

Signal
Opinion
Expert
COMMENT
COMMENT
May 11, 2016

A media company, and the whole sector was kind of turned upside down last year with the story of Netflix (NFLX-Q). Is Netflix going to be the new method of delivering content to consumers? He likes the category, but hasn’t invested in this directly, but likes the idea. There is a good chance this is going to be a winner for you. (One of our viewers pointed out that this company is not a media company. It looks like BNN and the guest got this one wrong. Have no idea what company they were really discussing. Please ignore this comment. Also thanks to Richard for pointing this out. Bill.)

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A media company, and the whole sector was kind of turned upside down last year with the story of Netflix (NFLX-Q). Is Netflix going to be the new method of delivering content to consumers? He likes the category, but hasn’t invested in this directly, but likes the idea. There is a good chance this is going to be a winner for you. (One of our viewers pointed out that this company is not a media company. It looks like BNN and the guest got this one wrong. Have no idea what company they were really discussing. Please ignore this comment. Also thanks to Richard for pointing this out. Bill.)

BUY
BUY
December 3, 2013

5.25% dividend yield. Well run. They want to take on a few more ships. It is not well followed. Management nixed the deal and raised the money in another way. He likes the company. Believes the global economies are improving and that this company should benefit.

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Seaspan Corp. (SSW-N)
December 3, 2013

5.25% dividend yield. Well run. They want to take on a few more ships. It is not well followed. Management nixed the deal and raised the money in another way. He likes the company. Believes the global economies are improving and that this company should benefit.

BUY
BUY
June 13, 2013

They recently increased dividend to 5.5%. A ship leasing company. Growing the number of ships they own. Bought back stock. Companies are going to need ships to transport. He factors in global growth.

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Seaspan Corp. (SSW-N)
June 13, 2013

They recently increased dividend to 5.5%. A ship leasing company. Growing the number of ships they own. Bought back stock. Companies are going to need ships to transport. He factors in global growth.

COMMENT
COMMENT
December 10, 2012

Shipping industry is tough for both container ships and bulk carriers. This one is well run. As a 20 position portfolio, he would not own this name but as a 50 position portfolio, he would use it periodically based on economic activity.

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Seaspan Corp. (SSW-N)
December 10, 2012

Shipping industry is tough for both container ships and bulk carriers. This one is well run. As a 20 position portfolio, he would not own this name but as a 50 position portfolio, he would use it periodically based on economic activity.

BUY
BUY
November 16, 2012

Company operates with container ships. Management owns about 30% of the company. Pays a decent yield of 6%+. When the economy picks up more container ships will be needed. Long track record and they are setting up for the next move.

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Seaspan Corp. (SSW-N)
November 16, 2012

Company operates with container ships. Management owns about 30% of the company. Pays a decent yield of 6%+. When the economy picks up more container ships will be needed. Long track record and they are setting up for the next move.

DON'T BUY
DON'T BUY
December 12, 2008
Stock has come down hugely and the yield is very high. Big concern is not because of the long-term contracts but what might happen if shipping costs become greater than the costs of production at home. Questions the sustainability of the yield.
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Seaspan Corp. (SSW-N)
December 12, 2008
Stock has come down hugely and the yield is very high. Big concern is not because of the long-term contracts but what might happen if shipping costs become greater than the costs of production at home. Questions the sustainability of the yield.
STRONG BUY
STRONG BUY
November 19, 2008
Have liked this company for a number of years. Leases container ships on a long-term, fixed cost basis with clients paying for fuel. Very conservative management team. Cash on their balance sheet to buy ships 3 to 5 years out. 23% yield.
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Seaspan Corp. (SSW-N)
November 19, 2008
Have liked this company for a number of years. Leases container ships on a long-term, fixed cost basis with clients paying for fuel. Very conservative management team. Cash on their balance sheet to buy ships 3 to 5 years out. 23% yield.
HOLD
HOLD
November 4, 2008
Container shipping company. Has fallen in sympathy with the whole sector. This will trade with the optimism around recovery coming out of a recession like all the other shippers. Enjoy the massive dividend. A lot of volatility.
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Seaspan Corp. (SSW-N)
November 4, 2008
Container shipping company. Has fallen in sympathy with the whole sector. This will trade with the optimism around recovery coming out of a recession like all the other shippers. Enjoy the massive dividend. A lot of volatility.
PAST TOP PICK
PAST TOP PICK
October 31, 2008
(A Top Pick Sept 28/07. Down 66%.) Build, operate and lease container ships. Lessees provide the fuel. Yield of about 18%. Thinks market has concerns about people doing the leasing, who may have problems. He is continuing to Hold.
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Seaspan Corp. (SSW-N)
October 31, 2008
(A Top Pick Sept 28/07. Down 66%.) Build, operate and lease container ships. Lessees provide the fuel. Yield of about 18%. Thinks market has concerns about people doing the leasing, who may have problems. He is continuing to Hold.
DON'T BUY
DON'T BUY
October 9, 2008
Absolute classic value trap. Earning before interest, taxes and amortization – they borrowed heavily so have to pay a lot of interest. Ships are wearing out, so there’s a lot of amortization.
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Seaspan Corp. (SSW-N)
October 9, 2008
Absolute classic value trap. Earning before interest, taxes and amortization – they borrowed heavily so have to pay a lot of interest. Ships are wearing out, so there’s a lot of amortization.
TOP PICK
TOP PICK
August 8, 2008
Leases container ships on long-term leases. Leases can run for 8 years. Leaseholder pays all fuel costs. Their obligation is to make sure ships are available and crewed. 8% distribution. Stock probably dropped because of concerns on the word “Lease”.
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Seaspan Corp. (SSW-N)
August 8, 2008
Leases container ships on long-term leases. Leases can run for 8 years. Leaseholder pays all fuel costs. Their obligation is to make sure ships are available and crewed. 8% distribution. Stock probably dropped because of concerns on the word “Lease”.
TOP PICK
TOP PICK
April 17, 2008
Container ships that are put out on long-term 8 to 10 year leases with crew. Even if there is no container, they still get paid. Their customers pay for the oil.
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Seaspan Corp. (SSW-N)
April 17, 2008
Container ships that are put out on long-term 8 to 10 year leases with crew. Even if there is no container, they still get paid. Their customers pay for the oil.
TOP PICK
TOP PICK
September 28, 2007
Container ships. Gives international exposure. Essentially, they get leases for the ships, mainly from Chinese shippers. They provide the crews and the upkeep and sign 10, 12 year leases. 5.4% yield.
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Seaspan Corp. (SSW-N)
September 28, 2007
Container ships. Gives international exposure. Essentially, they get leases for the ships, mainly from Chinese shippers. They provide the crews and the upkeep and sign 10, 12 year leases. 5.4% yield.
COMMENT
COMMENT
February 19, 2007
A trans-ocean shipping company. 7% dividend is amazing, but it is a very cyclical industry. Use caution.
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Seaspan Corp. (SSW-N)
February 19, 2007
A trans-ocean shipping company. 7% dividend is amazing, but it is a very cyclical industry. Use caution.
WATCH
WATCH
February 15, 2007
Trading 27 X current and forward earnings. Dividend yield is 6.75%. Expectation for dividend growth is still there. Outlook looks very strong. Valuation is a little rich, but it is an appealing stock.
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Seaspan Corp. (SSW-N)
February 15, 2007
Trading 27 X current and forward earnings. Dividend yield is 6.75%. Expectation for dividend growth is still there. Outlook looks very strong. Valuation is a little rich, but it is an appealing stock.
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