What are your thoughts on ZIM stock?
Trading at around $80/share, market cap of about $10b
PE ratio of about 2.
Continue to post record profits.
Shipping prices don't seem to be going down any time soon.
Sizeable vessel investments made over the next few years.
Just announced a $17 per share dividend for the year (represents 50% of Net Income for the year)
They have no debt and about $500m cash on hand.
How long will this be sustainable/Is this all too good to be true? Shipping prices are super inflated since Covid and with the current state of the world they will seem to remain extremely high.
Thoughts?
Current position 146 shares avg cost of $35/share
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