GRIN - Grindrod Shipping: The New Dip Is Even More Attractive

• Grindrod began to lag behind its peers in terms of performance again - over the past week, the stock fell 17.67%, while the entire industry corrected by only 6.95% (average).
• The secondary placement was the reason for this drop. However, the offering was not dilutive, so there's no need to worry about the company's value.
• The increased number of shares will add liquidity, which is supposed to increase the investment quality of GRIN.
• The Baltic Dry Index began to grow again, while other catalysts did not lose their influence.
• I conclude that such a huge dip can serve as a new starting point for a new stock rally. Therefore, I recommend adding more if you're still holding.

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