ASCJF - AMSC: Mostly Flat Performance Strengthens My Thesis
2024-05-12 23:56:59 ET
Summary
- AMSC ASA, a ship financing company, has seen a significant decline in its stock price and dividend yield.
- The company has moved away from its previous business segment with the Jones Act, which was a major appeal for investors.
- The company's future plans and direction are uncertain, making it a risky investment at this time.
Dear readers/followers,
Oftentimes, you'll get businesses that have a specific niche and appeal in a very particular field, and because they excel in that specific field, believe they can excel in other fields easily. Sometimes this works out - but more often, as I've experienced, it does not. AMSC ASA ( OTCQX:ASCJF ), a ship financing company, has seen a significant bounce in its stock price and offered a 16%+ yield - but this is now changed, which we'll go into in this article. It's also a company I've been covering for some time, with my latest article about the business one that you can find here.
In my last article, I made a case for why this company should be avoided due to elevated risk and a change to its business model that could impact its overall appeal in a fairly major sort of way....
AMSC: Mostly Flat Performance Strengthens My Thesis