Author Topic: SSW - Seaspan  (Read 93985 times)

Uccmal

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Re: SSW - Seaspan
« Reply #490 on: January 11, 2017, 09:22:24 AM »
When asked about the dividend on the last CC, I though they said that they would re-evaluate in February... so I'm not sure one should read too much into no drop as-of-yet.

No.  I figured if they cut it significantly the stock would pop.  Its popped anyways.  Mostly I think it was pushed down due to tax loss selling.  Its been coming back since the new year. 

For my purposes I have neen treating it as if the dividend is already cut 50%.  Anything above that is found money AFAIK. 
GARP tending toward value

Schwab711

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Re: SSW - Seaspan
« Reply #491 on: January 11, 2017, 09:38:27 AM »
I'd think they'd be best served cutting the dividend completely. Either way, if current conditions continued indefinitely, I think SSW is solvent (assuming newbuilds are locked in for 17 years at today's spot rate). Of the charter owners out there, they are the best positioned at the moment.

I think SSW's value is going to depend heavily on the charters for the newbuilds being delivered this year.

Value^2

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Re: SSW - Seaspan
« Reply #492 on: January 11, 2017, 10:11:10 AM »