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This message was self-deleted by its author (Beachnutt) on Thu Mar 16, 2023, 06:40 PM. When the original post in a discussion thread is self-deleted, the entire discussion thread is automatically locked so new replies cannot be posted.
James48
(4,603 posts)Beachnutt
(8,120 posts)ZIM, Please help me understand this.
Beachnutt
(8,120 posts)James48
(4,603 posts)Thats a shipping company that apparently hit all the right things in 2021 and 2022 when the shipping industry had difficulties. Zim apparently operates 152 ships, including 12 auto carriers, and a dozen or so LNG carrier ships, if Im reading it right. They did very well into the pandemic, when shipping rates soared.
As I read the last conference call, it sounds like revenue is lower now, but the profitability margins are still really, really strong. And they are expanding (17% annual rate of revenue growth).
My gut tells me thats a darn good company, and will continue to be stronger than most, with good dividend payouts moving forward. They wont be necessarily the $6 kind if dividend- but it does look like they will be able to afford decent dividends for the foreseeable future.
Id buy and hold for a while. In fact, I just might do that. Thanks for the look at Zim. It looks good to me.
Note: Im not an advisor or anything, Im just a guy who likes to study interesting stocks.
Beachnutt
(8,120 posts)I came across this one yesterday evening and have been digging in on some research.
It's an unusual play below the radar I think.
Maybe small position for now while I learn more about it.
Thanks again..
OAITW r.2.0
(28,437 posts)This might help explain....
https://www.investing.com/analysis/zim-integrated-shipping-services-stock-high-yield-or-high-risk-200631641
Beachnutt
(8,120 posts)and thanks for the great read on it.
Small position may be called for at this time imo.
Response to Beachnutt (Original post)
James48 This message was self-deleted by its author.