by joe_fiala | March 4, 2023 2:44 pm
Just wondering if anyone has done any research on the shipping company ZIM. I have been reading about this firm at Yahoo[1].com. There seems to be a lot of response in their reader forum about the stock. They’re in a bit of a slide at the present time due to short sellers mostly. I’m puzzled by this regarding a company that reports some $4.5 Billion in cash and is outfitting their fleet with LNG power plants. They are an Israeli shipping firm that is a fairly new publicly traded stock even though they have been in business since 1945. I can’t find any good reason not to jump on this stock while it is near it’s lows.
I have, in the past, bought NVGS, and bailed after a modest loss. Still I’m interested in the shipping business nonetheless.
Marketbeat is touting this: https://www.marketbeat.com/stocks/NYSE/ZIM/
Thanks
…Joe III
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