GRIN - Grindrod Shipping: The Recent 10% Dip Should Be Bought

• GRIN fell by >10% on August 31. That was the biggest dip in the whole "Marine Shipping" industry.
• This dip is explained by the stock's overheating during the last week and a slight correction of the Baltic Dry Index (-2.43%).
• I do not think that these two reasons are enough not to buy out the drawdown because the company is doing better than ever.
• GRIN is trading at 3.59x forward P/E and 3.72x EV/EBITDA (also FWD), which allows it to maintain a strong "A+" score in Seeking Alpha's rating.
• I think the upside is still there, so I recommend going LONG on GRIN at its current price levels.

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