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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 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.
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.
Posted on 5/22/23 at 11:51 am to FLObserver
quote:ISWYDT
50 or higher will be going down with the ship.
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.
Posted on 5/22/23 at 12:15 pm to FLObserver
quote:
Be glad you didnt enter at around 50 or higher . Imagine those poor bag holders.
Fortunately, it makes me nervous when I see a chart that's at a high. I thought it was golden at $17, but given the history, I think it will eventually work out nicely. I'd be buying at $14 today, but no dry powder.
Posted on 5/22/23 at 2:14 pm to Auburn1968
Since IPO, the stock chart looks like a picture perfect mountain. Straight up for one year, straight down for one year. Basically almost back at IPO price.
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