AMKAF - Maersk: Expect An Exciting 2024 From An Attractive Shipping Giant

2024-02-12 01:08:13 ET

Summary

• Maersk reported a 19% increase in stock value since November 2023, which is an excellent RoR, given the state of the shipping industry. The company reported 4Q23 today.
• Despite challenges in the shipping industry, Maersk still offers significant upside for investors.
• The company's focus on the logistics sector and streamlined business structure contribute to its long-term growth potential, and I maintain my rating of "Buy" here.

Dear readers/followers,

A.P. Møller - Mærsk A/S (AMKBY), (AMKAF), (AMKBF) reported its full-year results today. I have been invested in Maersk for a few months at this time, and bought more back in the massive dip back in November of 2023, in conjunction with my last article on the stock. Since then, the company has seen a very good overall recovery. We're not up as much as some of the other companies I have been reviewing for 4Q as of late, but we're up over 19% as of the time of writing this article.

Valuation for the company during the past 10 months has not been in a favorable trend - then again, the same is true for many companies I cover, with 2023 being a very mixed year for many of my investments. On the one hand, I've seen incredible RoR in some investments, while others have really stagnated, requiring a timeframe of 2-4 years until normalization or profit....

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