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Enter Symbol:
 
Danaos Corporation (DAC) [hlAlert]

Rating:
Outperform
DAC
down 78.58 %

Danaos Corporation (DAC) rated Outperform with price target $36 by Oppenheimer

Posted on: Tuesday,  Jan 29, 2008  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform Danaos Corporation (NYSE: DAC) on 01/29/2008, when the stock price was $27.50. Since
then, Danaos Corporation has lost 78.58% as of 08/31/2015's recent price of $5.89.
If you would have followed this Oppenheimer's recommendation on DAC, you would have lost 78.58% of your investment in 2771 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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/29/2008 8:25 AM Buy
None
27.50 36.00
as of 12/24/2008
1 Week down  -17.80 %
1 Month up  20.17 %
3 Months down  -47.30 %
1 YTD down  -83.81 %

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