Huh
And in one of those "You can't make it up" twists:
January 17, 2019
Warren Buffet's Former Heir Apparent Cuts A Deal With "The Warren Buffet of Canada"
Mr. Sokol broke Warren's heart when he traded on material non-public information. It was one of the dumbest things anyone in business management has ever done....
And here's the latest from gCaptain:
Containership Deal Brings Seaspan’s Fleet Close to One Million TEU
Hong Kong-based Seaspan has announced plans to purchase a fleet of six containerships that will bring its fleet close to one million TEU.We have quite a few posts on Seaspan and even more on David Sokol from the time he was running Berkshire's MidAmerican Energy sub. and building what was the largest fleet of wind turbines in the country, though I think they've since been passed by one of the Florida utilities.
The six ships will be purchased on long-term charter for a total purchase price of approximately $380 million.
The addition of the ships will bring Seaspan’s total pro forma global fleet to 119 vessels and approximately 975,000 TEU, giving it a market share of 7.7 percent by total TEU capacity.
Seaspan says the acquired vessels are comprised of three 10,700 TEU ships built in 2012, two 9,200 TEU ships built in 2013, and one 9,200 TEU ship built in 2014. The vessels all currently operate under long-term charter with a leading global liner, according to Seaspan....MORE
Use the 'Search blog' box if interested.
And here is the chart with a warning dated April 3 (as can be seen the stock dropped for around 48 hours and then proceeded 27% higher over the next five months):
Two things to be aware of regarding Seaspan. Firstly the stock looks a bit extended:
