Mintzmyer is now looking for a rebound within the boxship equity sector.  In a recent posting on Seeking Alpha regarding shipowner Danaos, (NYSE: DAC), lately trading around $65 – $70 per share, he wrote: “Our current fair value estimate at Value Investor’s Edge is $125 per share, which implies around 80% upside to recent trading ranges.”

In his analysis, he mentions recent share buybacks, and notes that: “DAC short interest has increased this summer and now looks to be a coiled spring ahead of what’s expected to be multiple years of consecutive earnings blowouts amidst surging free cash flows.”

Source: https://www.seatrade-maritime.com/containers/renewed-interest-container-shipping-stocks