Your cash will pile up as the year goes on. More cash is coming next year. Your debt is already low. What will you do with all of this money you’re raking in?
That question is music to the ears of any public company executive, and was the central focus of Tuesday’s conference call of container-ship lessor Danaos Corp (NYSE: DAC).
Danaos earns money by leasing ships to liner companies, which are now desperate for any vessel they can get their hands on. Charter rates continue to reach new heights....
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