Danaos Corp (DAC)

[grantastic]

the stock price already embodies the possibility of profit alongside the risk.

This is meaningless statement though.

The stock price always embodies the market's expectation of profit + risk. Of course, the market is often wrong (sometimes ruinously so).

When DAC was priced $6, did that accurately embody the risk?
What about when the price was $4.50?
What about when the price was $3.50?
What about when the price was $2.50?
What about when the price was $2.00?

Can you provide a numerical analysis that says the current price ($1.15) is now an accurate reflection of possible profit & risk when the previous lows were proven not to be?

When you say "DAC can find new customers" can you explain why you think DAC will be able to sign new charters which are 8x market price like their expiring charters are?

Can you explain why DAC has not yet signed these lucrative 8x price charters already if they could do it?