Seaspan Corporation: A Low-Risk 5.48% Yield-To-Maturity For One Year

Introduction The market continues with its huge, sharp highs and lows which makes every investor weary of whether her or his money are in a safe place. Because of that, we managed to find a calm place for our money in one of Seaspan Corporation's (NYSE: SSW) baby bonds.
The Company Seaspan Corporation, incorporated on May 3, 2005, is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.
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The Company is engaged in the operation and management of vessel, including maintaining the vessel, periodic dry-docking, cleaning and painting and performing work required by regulations. The Company also provides limited ship management services to Dennis R. Washington's personal vessel owning companies, and ship management and construction supervision services to Greater China Intermodal Investments LLC.
Source: Reuters.com - Seaspan Corporation

Source: Barchart.com - SSW Daily Chart (1 year)
The common stock has performed well enough in the past year since it bottomed in the middle of 2017 for us to consider the preferred stocks. There is not much more we can add in terms of value as to whether the company is priced correctly in the market and such, and it is completely... Read more

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