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Danaos Corporation (DAC)

Market Closed
11 Aug, 20:00
NYSE NYSE
$
135. 02
-3.3
-2.3858%
After Hours
$
138. 25
+3.23 +2.3922%
2.56B Market Cap
- P/E Ratio
3.4% Div Yield
167,922 Volume
- Eps
$ 138.32
Previous Close
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Day Range
134.12 138.95
Year Range
83.56 145.31
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Danaos: Could A Take Private Deal Be In The Works?

Danaos: Could A Take Private Deal Be In The Works?

The containership market has strengthened significantly in the past few months, with rates exceeding 2024 highs set earlier this year. With a strengthening containership market, Danaos low valuation and high cash flow make it a compelling target for a take-private or acquisition. DAC has underperformed competitor GSL by a large amount, despite their businesses being impacted by the same geopolitical events and performance being largely the same.

Seekingalpha | 2 years ago