Danaos Corp (DAC)

[oil export]

T.U GRANTASTIC
Even after the dilution, the P/E is still very attractive. Do not forget that the dilution was made at $ 5.5 per share, and do not forget that the debt is going to keep decreasing and therefore the future financing costs will decline. I do not know what is the value of the ships , but I know that the revenues from the ships are $ 450 million each year !
As for charters expire this happens to every company in the industry, I believe new contracts will arrive.
The agreement with the lenders is very positive and this should be expressed positively in the share price.