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Started By
Message
ZIM's major nose dive
Posted on 5/22/23 at 8:50 am
Posted on 5/22/23 at 8:50 am
ZIM paid a $6.40 dividend per share in April and is posting a loss today, so no dividend. The stock price has fallen down into the $14 range. It's down from a peak of $84 last year.
Shipping volume and prices have declined.
Looks like a tempting longish term bet.
Shipping volume and prices have declined.
Looks like a tempting longish term bet.
2
Posted on 5/22/23 at 9:34 am to Auburn1968
I've been in it since $22-24. not super pretty..
Posted on 5/22/23 at 11:56 am to Auburn1968
Container shipping is always boom or bust. Business picks up and they all go crazy building ships and when the economy inevitably slows they are all way underutilized.
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