Costamare: Undervalued Cash Flow Machine With Secured Upside

Core Thesis - The bullish thesis for Costamare Inc. (NYSE: CMRE) is based on five key ideas: charter renewals in the coming years, delivery of newbuilds, quarterly earnings movements, maintenance of dividends, and a focus on building a resilient, income-generating portfolio with long-term growth in mind [1] Group 1: Charter Renewals and Newbuilds - Charter renewals are expected to occur over the next few years, which will provide stability and revenue for the company [1] - The delivery of newbuilds is anticipated to take place over the next couple of years, contributing to growth and operational capacity [1] Group 2: Earnings and Dividends - Quarterly earnings movements are a critical factor in assessing the company's performance and potential for growth [1] - The maintenance of dividends is essential for attracting income-focused investors and ensuring shareholder satisfaction [1] Group 3: Investment Strategy - The investment approach is primarily long-only, blending dividend-paying equities, REITs, and other income strategies with selective growth opportunities [1] - There is a strong emphasis on disciplined, fundamentals-driven investing, prioritizing capital preservation while compounding returns over time [1]