Danaos Corp (DAC)

[grantastic]

The market has already reacted.

Of course DAC will have an adjusted net income of around $28m (I assume you mean adjusted net income when you say "profit" because "profit" is not a line item DAC reports)

DAC also had $27.9m adjusted net income in Q1. It's had a similar adjusted net income for many years.

By the same token, the covenant default stigma has been lifted for MONTHS now.

It's not like investors are suddenly going to wake up one day and say "wait, the debt is renewed & DAC makes $25m per quarter? I had no idea!"

If the price rises, it will NOT be for the reason of "filings indicate exactly the same trajectory the company's been on for years"

IMO, DAC should react at least to the value of its profits, I know that this has not happened in recent quarters because of uncertainty about the debt, but now that the debt is spread, I believe the stock will increase according to the profit it will achieve.
I do not see the possibility that the company will profit and the share will not rise.
The analyst, who is reviewing the company, expects $ 20-28 million in the second quarter and continued large profits in the coming quarters.