Danaos Corporation (DAC): A Bull Case Theory

We came across a bullish thesis on Danaos Corporation (DAC) on Substack by Value Science. In this article, we will summarize the bulls’ thesis on DAC. Danaos Corporation (DAC)'s share was trading at $78.95 as of Dec 12^th. DAC’s trailing P/E was 2.73 according to Yahoo Finance.

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Danaos Corporation delivered a strong quarter, securing $308 million in new contracts, equivalent to $15.78 in revenue per diluted share. These agreements...