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Enter Symbol:
Rating: CAP
Outperform $28

CAI INTERNATIONAL INC. (NYSE: CAP) reiterated to Outperform with price target $28 by FBR Capital

Wednesday,  Oct 30, 2013  12:25 PM ET by Kristen Bailey

CAI INTERNATIONAL INC. (NYSE: CAP)
rated Outperform with price target $28 by FBR Capital.

CAI International, Inc., is a container leasing and management company operating through two segments: container leasing and container management. The Company purchases new containers, leases them to container shipping lines and either retains them as part of its owned fleet or sells them to container investors for whom it then provides management services. In operating its fleet, CAI International leases, re-leases and disposes of containers and contracts for the repair, repositioning and storage of containers. As of December 31, 2008, the Company?s fleet comprised 778,000 trailer equivalent units (TEUs), 68.7%, of which represented managed fleet and 31.3% of which represented owned fleet. On April 30, 2008, the Company acquired CAI Consent Sweden AB (Consent), formerly named Consent Equipment AB, a European container and intermodal equipment leasing company.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.



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