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re: ZIM's major nose dive
Posted on 5/22/23 at 10:12 am to b-rab2
Posted on 5/22/23 at 10:12 am to b-rab2
Right now it's getting slammed by cyclical head winds, lower shipping prices and the prospect of recession to compound it. Have a position at $17 and another at $22. I'll hold those bags. Alpha ranks it at A+ in valuation, but the profit thing has gone the other way.
2
Posted on 5/22/23 at 11:15 am to Auburn1968
It was a great dividend play but I expect a rough couple years ahead.
Plan to revisit end of this year
Plan to revisit end of this year
Posted on 5/22/23 at 11:36 am to Auburn1968
Be glad you didnt enter at around 50 or higher . Imagine those poor bag holders. Now they dont even have a dividend to fall back on. Twenty five or lower you still have a chance to break even anyone around 50 or higher will be going down with the ship.
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