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Danaos Corporation (DAC) [hlAlert]

Rating:
Buy DAC
down 80.07 %

Danaos Corporation (DAC) rated Buy

Posted on: Tuesday,  Nov 20, 2007  11:25 AM ET by Lazard Capital

Lazard Capital rated Buy Danaos Corporation (NYSE: DAC) on 11/20/2007, when the stock price was $29.56. Since
then, Danaos Corporation has lost 80.07% as of 08/31/2015's recent price of $5.89.
If you would have followed this Lazard Capital's recommendation on DAC, you would have lost 80.07% of your investment in 2841 days.

Danaos Corporation is a leading international owner of containerships, chartering vessels to many of the world's largest liner companies. Danaos was set up by Dimitri Coustas, an experienced shipping investor who had been active in the industry. Having consistently developed sea transport services throughout its history, Danaos has forged a reputation for high-quality operational support to liner companies and other charterers throughout the world. The Company currently have a fleet of containerships aggregating TEU, making us among the largest containership charter owners in the world. We charter our containerships to a geographically diverse group of liner companies, including most of the largest ones globally. Such customers include Maersk, COSCO, Hapag-Lloyd, CMA-CGM, Neptune Orient Lines, Yang Ming, China Shipping, Norasia Container Lines Ltd, Hyundai Merchant Marine Co., Wan-Hai Lines and Zim Israel Integrated Shipping Services Ltd.

Lazard Capital Markets’ research team is broadly recognized for its insight, thoroughness, and objectivity. Our goal is to help our clients make the best-informed decisions by providing timely, thoughtful analysis as well as access to company management teams and industry thought leaders. Our industry-focused analysts strive to identify emerging sector trends as well as bottom-up fundamental issues affecting their stocks under coverage. We add value by conducting extensive primary survey work, hosting proprietary events, cultivating industry contacts, and participating in relevant industry conferences.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/20/2007 11:25 AM Buy
None
29.56 39.00
as of 8/27/2015
1 Week down  -4.84 %
1 Month down  -10.75 %
3 Months down  -6.95 %
1 YTD up  20.20 %

(*) Stock Price at the time of the recommendation.
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