Global Ship Lease: The $1.92bn Backlog Provides Margin Of Safety (NYSE:GSL)

Core Insights - Global Ship Lease (GSL) is considered undervalued based on traditional metrics, but it is not a value trap; it has strong revenue visibility and low expenses [1] - The company has successfully deleveraged itself, enhancing its financial stability [1] - GSL is positioned to provide returns, indicating a positive outlook for investors [1] Financial Performance - The company demonstrates clear revenue visibility, which is crucial for future growth [1] - Low expenses contribute to the overall profitability and operational efficiency of GSL [1] Investment Strategy - The focus on thematic investing, crisis investing, and systematic options trading suggests a diversified approach to investment [1] - The experience in private M&A and publicly-traded equities indicates a robust understanding of market dynamics [1]