- MingZhu's shares have fallen over 50% in the last six months.
- In the same period, the company's book value has nearly doubled following a share offering that brought it $18 million.
- The company took a massive earnings hit last year thanks to Covid-19 lockdowns, which should provide excellent comparable earnings this year.
- Importantly, this balance sheet and earnings situation is yet to be revealed to investors as the company will not report its first-half 2021 earnings until December.
- The result is a massive undervaluation of a company positioned for excellent YOY numbers and more fundamental growth thanks to acquisitions and mergers made during the period.
For further details see:
MingZhu Logistics: A Chinese Trucking Play Trading At Book Value Whose Fleet May Grow By 5 Times