NYSE:DACShipping
Danaos (DAC) Stock Slips As Profit Strength Meets Shipping Doubts
Danaos came into this quarter with a stock that had climbed double digits over the past month, yet the shares slipped about 2% on the first full trading day after earnings. That gap between mood and math is the real story. The market marked the price down while the company posted another hefty profit quarter, with adjusted net income of US$133.1m and adjusted earnings of US$7.29 per share.
The headline for investors is simple: the margin engine is still working and the balance sheet remains...