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3 Shipping Stocks Sailing Toward Big Gains

Shipping stocks often come with big risk, but they also can offer equally big rewards

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Global Ship Lease (GSL)

shipping-stocks-gsl-stockLondon-based Global Ship Lease (GSL) owns and leases container ships under long-term fixed-rate charters to container shipping companies. GSL owns 17 vessels with a total capacity of 66,349 20-foot equivalent units. In the most recent earnings release, GSL announced that the fleet was 100% leased, which maximized the current earnings potential for the company.

Global also repaid $15.8 million of debt during the third quarter 2013 for a total repayment of $214.8 million since the fourth quarter 2009. Earnings are up more than 200% so far this year, and Portfolio Grader recognized the improvements in the company and upgraded the stock to an “A” in November.

GSL stock is a “strong buy” at the current price.

Article printed from InvestorPlace Media,

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