Everything is rebounding except this... I don't get it.
N
Two more 12,200 TEU ships delivered.
R
Week ending Nov 26 makes 11 straight weeks the 8500 TEU class ships have been at $129,000 per day lease rate. The market remains extremely strong. Last year $36,000 per day
R
The spot rates for container shipping remains very strong because containers are used to ship consumer goods vs the Baltic dry index which has fallen as the Baltic dry index represents the shipping of bulk commodities. It is like night and day difference and sooner or later the market will figure it out. In the mean time ATCO remains misunderstood by the institutional investors. The open interest in Feb call options has grown 10 fold over the last few weeks so some people get it
R
Charter rates remian at $129,000 per day for the 8500 TEU, $92,000 per day for the 4259 TEU and $47250 per day for the 1700 TEU containerships. Last year they were at $36,000 per day, $23,500 per day and $11,700 per day. Rates have never been this high for this long and the market looks strong into the future.
E
So this stock is now trading below where it was at the end of 2019. Revenues are up about 50% and contracted revenues are up 3-4 times at higher contract prices. I suspect the guidance for roughly 20% annual profit growth over next 3 years is probably conservative. All of this in a market where growth stocks are at historically high valuations. Analysts estimates seem to be calling for flat profits next year. I feel like I'm in the twilight zone. I guess it's all just a big game now. Reminds me a lot of the late '90s.
R
Atlas Corp. ATCO: This asset manager and operator carries a Zacks Rank #1 (Strong Buy)
E
Hedge funds decided it's time to go up?
D
Am I reading this right Faifax dumped 40m shares of ATCO?
premarket volume 14 shares??? No one is trying to manipulate????? false 13F filings and press articles No its all coincidence
N
Just an observation, not that it will matter in two years. Seaspan will carry this company either way. I noticed the depreciation for APR doubled last quarter, but the revenue didn’t. I wonder if they are still writing down APR through accelerated depreciation. I really hope we don’t get another surprise in February, it would make it really hard for me to give management the benefit of the doubt going forward. Not that I would dump the stock, but I would look at management with scepticism. Any thoughts…?
J
Atlas clarifies with a press release today that Fairfax had actually increased ATCO's shareholding! Looks like there is a lot of mischief from the press recently, including the incorrect association of ATCO to the falling dry bulk index. Most likely big players want to accumulate and thereby trying to keep price down for accumulation. Bullish!
Really! Baltic Dry drops, so ATCO drops, even tho they have no Dry ships. Retail sales shoot up in the U.S., exceeding consensus. Notta! Like U.S. retail sales have zero connection/relationship to one of the largest container ship owners in the world.
J
$20 doesn’t even cut it. This quarter is a 67% beat. And every quarter for the foreseeable future will be better and better. To be reducing debt the way they are, yet growing the Company at these prodigious rates, is absolutely exceptional.
S
HODL! Manipulation underway. MM want to build a solid position...this is the only way they get in. They will take this to $20 wait and watch!
R
The SEC ought to investigate Fairfax, their misinformation, the stock manipulation, and their derivatives book. It looks to me like they have sold a bunch of call options that expire tomorrow. I could be wrong but I think there are some fishy dealings going on.
i
Zachs came out this morning with a #1 rating on ATCO and a strong buy. They have had a good track record on their #1 rated stocks. This should be the start of some upgrades. After all, the stock doubled their earnings last quarter and will continue to improve as the balance sheet gets cleaned up and the new vessel come on board. Patience will be rewarded---extreme patience.
D
What is the biggest ship in ATCO's container fleet ?
R
decent after hour volume > 150,000 shares now pushing $15 per share.
https://www.gurufocus.com/news/1573672/prem-watsas-fairfax-reels-in-international-seaways-in-3rd-quarter
No its all coincidence
https://ir.atlascorporation.com/2021-11-08-Atlas-Reports-Third-Quarter-2021-Results
Some recognition finally