Most shipping companies are going through a period of oversupply and low revenues. This is taking a toll on the industry and creating many opportunities, but this case is something else, the company shares are apparently pricing in a recovery. The question is whether it is warranted. International Shipholding (ISH) is vulnerable like a turtle without its shell in the variable rate market. But the vulnerability could easily transform into opportunities in a recovery of the shipping rates by its pure car and truck carriers (PCTCs). The company has potential and willingness to increase dividends to a yield of at least 8 %. Consider also favorable US tax condition and the Jones act effectively clearing foreign companies entering the US...
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