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HLAGF - Let This Ship Sail - Why Maersk Is Not A Buy At Current Levels
February, 24 2021 12:16 PM
Hapag-Lloyd Aktiengesellschaft
Recent freight rate price increases have driven upwards moving share prices but, by all accounts, can only be considered temporary. Container shipping is an industry where weak companies are forced into capital destruction and the strong carve out razor-thin margins. The industry's leading company appears to be trading at elevated prices, and I caution buying at this level. For further details see:
Let This Ship Sail - Why Maersk Is Not A Buy At Current Levels
Stock Information
Company Name:
Hapag-Lloyd Aktiengesellschaft
Stock Symbol:
HLAGF
Market:
OTC
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