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Enter Symbol:
 
Seaspan Corporation (SSW) [hlAlert]

Rating:
Buy SSW
up 78.09 %

Insiders Plus picks Seaspan (SSW) for 2009

Posted on: Saturday,  Feb 14, 2009  2:27 AM ET by The Stock Advisors Top Stocks For 2009

The Stock Advisors Top Stocks For 2009 rated Buy Seaspan Corporation (NYSE: SSW) on 01/08/2009, when the stock price was
$9.54. Since then, Seaspan Corporation has gained 78.09% as of 01/21/2016's recent price of $16.99.
If you would have followed this The Stock Advisors Top Stocks For 2009's recommendation on SSW, you would have gained 78.09% of your investment in 2569 days.

Seaspan Corporation (Seaspan) is engaged in the business of owning and chartering containerships pursuant to long-term, fixed-rate charters to container lines. During the year Ended December 31, 2008, the Company owned and operated a fleet of 35 containerships. As of December 31, 2008, the average age of the 35 vessels in its fleet was 4.8 years. Customers for its operating fleet are China Shipping Container Lines (Asia) Co., Ltd. China Shipping Container Lines (Asia) Co., Ltd. (CSCL Asia), Hapag-Lloyd USA, LLC (HL USA), COSCO Container Lines Co., Ltd. (COSCON), and A.P. Moller-Maersk A/S (APM). As of December 31, 2008, 20 containerships in its fleet are under time charters with CSCL Asia, nine containerships in the fleet are under time charters with HL USA, four 4800 twenty foot equivalent unit (TEU) vessels are chartered to APM, and two 3500 TEU vessels are under time charters with COSCON.

Every year since 1983, thestockadvisors has polled the nation’s leading financial newsletter advisors asking them to select their favorite stocks for the coming year. In this year’s special report, 75 “best of breed” advisors have joined to provide you with the ultimate shopping list of trading and investing ideas for 2009. The stocks that are featured range from conservative, high quality blue chips to exciting home run speculations, for those willing to incur high risk in exchange for the potential to maximize upside gains. Importantly, readers should be certain that any stocks you consider meet your own investment strategy, time horizen and risk tolerance. As such, investors should view the 75 stocks in this report as a only as a starting place; do you own research, and continue to monitor any stocks that you may buy. Advisors are making their selections based on their current analysis of a company within the current market environment. But fundamentals change, and a stock that is now a favorite buy can quickly become a sell, based on future events.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/8/2009 12:00 AM Buy
None
9.54
as of 12/31/2009
1 Week up  53.58 %
1 Month up  53.07 %
3 Months up  55.64 %
1 YTD up  46.01 %

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