This Day On The Street
Continue to site
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

Box Ships' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Certain statements in this conference call may constitute forward-looking statements. Actual results could differ materially from those discussed in the call. Please refer to the complete cautionary statement regarding forward-looking statements in the press release dated August 1, 2012 which can be found on the company’s website. It is the company’s intention to make a presentation on the earnings results and then to open the call to questions.

I would now like to turn the call over to Mr. Robert Perri, CFO, of Box Ships. Good Afternoon Robert.

Robert Perri

Good Afternoon Michael and Good morning everyone. Welcome to the Box Ships’ earnings conference call and joining me today is Mr. Michael Bodouroglou, our Chairman, President and CEO who will be available during the question-and-answer session after we finish our prepared remarks.

Today, we shall discuss our financial results for the second quarter and six months ended June 30, 2012. We will also update you on the latest developments since our last conference call, as well as our views on the container ship industry. Then I will go into more detailed analysis of our financial results and then turn the call over for questions.

On slide four, let me start by providing a brief overview of Box Ships and our philosophy. Box Ships were created by Paragon Shipping in 2010 to take advantage of opportunities in the container ship sector. Paragon remains our largest shareholder and together with our Chairman and CEO Michael Bodouroglou, own over 26% of the company.

Our focus is to maintain moderate leverage and to employ Box Ships existing fleet of nine vessels on period charters with staggered maturities, so that we will be in a position to meet our debt obligations and pay the majority of the remainder of our cash flow to our common shareholders in the form of dividends.

2 of 3

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 -1.04%
FB $118.08 0.55%
GOOG $695.81 0.50%
TSLA $234.18 0.80%
YHOO $35.97 -0.11%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs