Filed under: Earnings reports, Technical Analysis, Stocks to Buy

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’

Permalink | Email this | Comments

Share This

This entry was posted on Friday, March 14th, 2008 at 11:52 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.