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DMER - Container leasing 2016 - Stocks down on gloomy industry outlook
Container leasing – 2016 Outlook remains placid• Investors suffered massive wealth erosion in 2015, as share prices of container leasing companies tumbled through the year with stocks extending declines until the beginning of the new year. While the stocks of the three companies under our coverage – Textainer, TAL and CAI – more than halved, the two indices of S&P 500 and Dow Jones Transportation contracted by just 1% and 18%, respectively.The China factor to be crucial; weakness to cont...
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