This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

7 Companies to Post Big Profit Gains

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Seaspan (SSW - Get Report), based in the Marshall Islands, owns and operates a fleet of container ships employed under long-term, fixed-rate charter contracts with some of the largest container-shipping companies in the world.

Its fleet consists of 61 container ships in operation and eight in various stages of completion and scheduled for delivery through March 2012. All of those yet to be delivered are already committed to fixed-rate charters of 12 years from the date of delivery.

Seaspan's CEO said two weeks ago, in conjunction with the company's fourth-quarter earnings release, that its fleet utilization rate is 99.7% and its strong cash flow allows it to raise its annual dividend to 75 cents per share.

The company's forward price-to-earnings ratio of 10.3 is equal to the median of its industry peers.

Per TheStreet, analysts give its shares seven "strong buy" and one "hold" rating. Those same analysts expect 2011 earnings of $1.53 per share, up from $1.12 last year, and that 2012 earnings will be flat to 2011 at $1.53 per share.

Deutsche Bank (DB) upgraded its rating on Seaspan to "buy" from "hold" on March 25, citing fleet-growth opportunities. It raised its target price to $27 from $16.

Seaspan shares are up 44% this year and 82% over 12 months, giving it a market value of $1.1 billion. Its shares hit a 52-week high March 21.

2 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CSX $33.20 0.00%
FDX $164.59 0.00%
JBHT $84.79 0.00%
LSTR $65.75 0.00%
NSC $103.62 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs