Dahlman Rose Starts Diana Containerships (DCIX) at Buy; Attractively Valued

Dahlman Rose initiates coverage on Diana Containerships (NASDAQ: DCIX) with a Buy. PT $9.00.

Dahlman analyst says, "The company offers investors an attractive dividend yield and exposure to growth within the containership sector...Management's commitment to maintaining a lean balance sheet and to retain 30% of its free cash flows should enable the company to grow its fleet accretively, boosting earnings and dividend potential. We believe the shares are attractively valued at just 6x 2012 EBITDA and in a net cash position."

For more ratings news on Diana Containerships click here and for the rating history of Diana Containerships click here.

Shares of Diana Containerships closed at $6.93 yesterday.

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