Savvy Trades and Investments

[cliffvb]

CAI looks to open lower after reporting a 4c miss (87c vs 91c estimate) and a small 5% miss in revs in Q!, their seasonally weakest quarter. CC transcript is available on SA. Company sounds positive on their Q1 results and also for the coming year on their containership and logistics business. They are paying a higher interest rate as they converted much of their variable rate debt to fixed rate. Also buying back stock and expect to continue to do so.

If CAI has a big sell-off at the open, I'll be looking to add at a current PE of under 6.