Where from here To some extent I understand the concern about competition. But as I see it, the share price is protected by the dividend. If I remember correctly it's around 9%. If the share price moves lower, the yield goes up to attract buyers back in.
The next question is how safe is the dividend? Well, they can afford to pay it based on about 200 tanks that we had at the start of the year. If competition causes our margins to shrink, we should be OK since we now have 400 tanks (and more as the year goes on) to make our profit on. Another point is that we are given to believe that most of the contracts are long term.
All in all it looks very safe at these levels - with room to move up. Two years from now, it may be a completely different story.
Terster