- Recently, ZIM's shares have tumbled in the light of global economic slowdown.
- This will affect the company's profit margins, no doubt. When and how much remains to be seen.
- However, the company is trading at nearly its forward earnings point and very close to its cash per share.
- Environmental regulations are expected to favor the company and provide some support to freight rates.
- In that sense, I'm increasing my position in the company, at least until the end of this year.
For further details see:
ZIM Integrated: Don't Buy The Muppet Show-Induced Turmoil, Buy The Company