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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (50196)	12/1/2012 3:08:39 PM
From: E_K_S	Read Replies (1) of 78525

Have you looked at TGH. It's another of the container shippers that I believe is undervalued. It's not as attractive as CAP in it's valuation but one could make an argument that it is 25% undervalued and has a better Net Income to LT Debit profile at 9.55x well below the others in the industry. Their dividend of 6% is not that bad either. Textainer Group Holdings Limited (TGH) Links: Yahoo Finance Key Statistics: Company Web Site : Positive EPS for more than 7 years Growing BV every year for past 5 years. Profitable for the past 26 years; 2011 ROE of 30%; avg. ROE of 22% last 5 years. Link to 11/15/2102 presentation pg-12- Shows their Fleet Utilization. 77% of 2012 lease portfolio in Long-Term leases up over 39% from FY 2000. pg-15- Company continues to grow through acquisition; last 9 years five purchases totaling $1.35B or about 38% of EV. Note: Net Annual Income 9.55x Long Term Debt, one of the lowest I have seen: Compared to CAP @ 14.8x or BOX @ 28x Dividend yield at 5.9%. I put this one on my watch list and will to start a position if.when this one moves to the $25.00/share range. I will then own three of the biggest and most profitable players: BOX, CAP & THG. EKS

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