Danaos Corp (DAC)

[grantastic]

Profit's going to keep decreasing as its charters expire.. and on top of that, the O/S is set to double once lenders take their 47.5% equity.

So its P/E is about to double.

And you seriously looking at P/B ..? You think DAC could sell its ships at book value? LOL.

there's a reason the market's pricing DAC under $2 still

DAC may be a good buy but not for the reasons you're giving.

I believe that the profit will increase because the debt was reduced by the agreement with the banks The P/E 2.5 the P/B 0.3 !
Very attractive in my opinion