Okay so if you haven't heard of ZIM before, it is an Israeli shipping company that did exceptionally well during COVID.
I owned ZIM for less than a year and made a 19% gain through dividends and broke even on the stock price itself. Now, the stock is much lower and has an insanely low valuation/dividend. It has a trailing P/E of only 0.44 (less than two quarters to net profit their entire market cap) and a massive dividend of 130%. Just two weeks ago the dividend was 110%. At the height of ZIM, it was $90 per share and it IPO'd at $11 a share in 2021, while it is currently only $19 per share. Even if revenue falls (which it has just slightly started to do) I still believe the company has a very low valuation. I could hypothetically hold until the next ex-dividend date and make a 25%+ gain. Would this be a stupid play?
I do not currently own any shares of $ZIM
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