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home / news releases / ZIM - ZIM Integrated Stock: Downgrading To Sell On Rapidly Rising Leverage

ZIM - ZIM Integrated Stock: Downgrading To Sell On Rapidly Rising Leverage

ZIM Integrated Shipping Services Ltd.

2024-03-13 14:05:19 ET

Summary

  • ZIM Integrated Shipping stock dropped double digits following the release of fourth quarter earnings.
  • Do not buy ZIM stock during this dip: ZIM Integrated is suffering from a steep drop in freight rates since the pandemic.
  • Investors often overlook lease liabilities in the calculation of net debt.
  • I expect leverage to rise rapidly moving forward as the company appears structurally unprofitable - I'm downgrading ZIM stock to sell.

For further details see:

ZIM Integrated Stock: Downgrading To Sell On Rapidly Rising Leverage
Stock Information
Company Name: ZIM Integrated Shipping Services Ltd.
Stock Symbol: ZIM
Market: NYSE
Website: zim.com
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