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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (57737)	8/9/2016 11:04:15 AM
From: E_K_S	Respond to of 78744

I have on my Buy list but at/below $9.00/share. They took a one time charge for containers taken out of service and scrapped. Also they cut their dividend. It was nice to see revenues higher (probably from their management services for client owned containers). What is interesting is the port of Oakland has seen the highest activity last two months from exports due to weaker dollar. I wonder if the industry may have bottomed or is just so $US sensitive that you get order surges if/when $US falls. -------------------------------------------- FWIW, I picked up more SNFCA (earnings next week) and selling significantly below stated BV of $8.20/share. I think they beat estimates but still need value buyers to move this small cap stock higher. Also, added to CCC at $13.07 as earnings missed but forward estimates still look promising (as they integrate their recent EU acquisition). I like the sector long term and continue to Buy and bring my avg cost lower. EKS

To: Paul Senior who wrote (57737)	1/20/2021 12:59:04 PM
From: E_K_S	1 Recommendation Recommended By DinoNavarre Read Replies (1) \| Respond to of 78744

Been selling my TGH over last few months and now hold 30% of what I had. Was looking for them to reinstate their dividend but instead they have bought back shares and now this acquisition. Selling 0.87x BV and Forward PE 9.8. Still will hold. This acquisition s/d see more of the revenues go into earnings. Textainer Group Holdings Limited Acquires 49.9% of TAP Funding Ltd. Textainer Group Holdings Limited (NYSE: TGH) ("Textainer", "the Company", "we" and "our"), one of the world's largest lessors of intermodal containers, today announced that the Company's wholly-owned subsidiary, Textainer Limited, acquired the 49.9% interest in TAP Funding Ltd. ("TAP Funding") owned by TAP Ltd. Following the acquisition, Textainer Limited owns 100% of TAP Funding. TAP Funding was a joint venture between Textainer Limited and TAP Ltd., a Bermuda based intermodal investment company. TAP Funding owns approximately 80,000 intermodal shipping containers already managed by Textainer with a net book value of approximately $175 million. The share purchase closed on January 19, 2021. Following the closing of the share purchase, Textainer wholly-owns approximately 89 percent of the containers in the Company's fleet. "This transaction is in line with Textainer's strategy of simplifying our overall corporate structure, focusing on our core container leasing business, and pursuing transactions that add to our net income and return on equity. The acquisition of the shares of TAP Funding we did not previously own provides us with sole ownership of a large seasoned portfolio of containers already under our management at an attractive price," commented Olivier Ghesquiere, President and Chief Executive Officer of Textainer Group Holdings Limited. "We expect this transaction will be immediately accretive to earnings and to contribute to long-term growth in shareholder value," concluded Mr. Ghesquiere.