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CAI International (CAP): Share price cycling in bullish 'flag'

CAI International (NYSE: CAP) is a leading manager and lessor of intermodal freight containers. The company operates a worldwide fleet of 754,000 twenty-foot equivalent unit containers, through ten offices in the US, Europe and Asia. It offers term and finance (rent-purchase) leases and contracts to repair, reposition and store containers. CAI focuses on managing units owned by container investors.

The company pleased investors last week, when it reported Q4 EPS of 36 cents and revenues of $18.9 million. Analysts had been looking for 31 cents and $18.2 million. Management also guided FY08 EPS to $1.30-$1.35, versus $1.27 consensus. The CEO noted that there had been no decline in demand resulting from the U.S. economic slowdown. Trading lanes to Europe and within Asia were said to have remained strong.

Continue reading CAI International (CAP): Share price cycling in bullish 'flag'

Symbol Lookup
IndexesChangePrice
DJIA-70.4410,380.51
NASDAQ-16.872,159.14
S&P 500-6.091,100.15

Last updated: November 24, 2009: 10:21 AM

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