UPDATE: Citi Initiates Coverage on SeaCube Container Leasing at Buy - Box (NYSE:BOX)

27% profits every 20 days?

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According to Citi, SeaCube Container Leasing (NYSE: BOX) coverage is initiated at Buy.Citi said that it is initiating coverage with a Buy and $16 price target. “Our $16 price target on BOX shares is based ona 6.2x multiple of 2012 adjusted EBITDA, which adds back cash flow generated from direct finance leases, and provides a 18.4% ETR when added to its 7.1% dividend.”SeaCube Container Leasing closed yesterday at $14.38.

27% profits every 20 days?

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