A fill for me in opening a position in CAI International (CAP).
The company: capps.com
"CAI offers a wide range of dry van and specialized containers, including reefers, palletwides, roll trailers, swap bodies, and rail cars. We own a portion of the container fleet, managing the balance on behalf of third parties, such as our CAIJ investment program in Asia and KG fund investors, primarily in Germany. Our strong capitalization and diverse funding sources give us the agility to quickly meet customers' changing container needs.
We serve more than 280 customers worldwide through our global operating infrastructure. Service teams are local, enabling us to provide outstanding customer service and responsiveness. Our marketing, operations, and underwriting personnel have developed relationships with our top 20 customers that average 14 years."
Among the reasons I am buying: low current p/e, high current roe, generally rising stated bv.
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