Decided to do some tax loss harvesting on this company. China has new rules for container checks/inspection due to Covad-19 which I believe will keep next quarter's earnings flat. Will come back in 31 days and re-evaluate.
I also own TRTN and the TRTNpD . Sold some high cost shares on the TRTNpD that I bought at PAR $25 (when originally issued). Sold my high cost shares in TRTNpD too at $22.10/share.
Plan is to take TGH & TRTN proceeds put into monthly REIT (industrial properties) payer 7% and then buy back TRTN before next xdiv date 6/10/2020. TRTN yield 7.6% and is selling 11% below call price (can be called 2/2025).
I may put 1/3 of the proceeds back into low cost TGH shares but hard to pass on the TRTNpD sure deal of 7.6% dividend and possible 11% capital gain. TGH would need to move to $13-$15 area to match return of TRTNpD.
FWIW still own 60% position of TGH, so not likely I will buy back my shares sold today.
EKS