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Instead of an investment thesis
The article you are reading is the 5th in my series of articles on ZIM Integrated Shipping (NYSE:ZIM). When I first paid attention to this company in July 2021, the
ZIM Integrated Shipping: The Selloff Looks Overdone, Buy At Current Levels
Summary
- ZIM is so cheap, that it needs 12.2% of forward EBITDA or 44.5 days of operations to buy out itself completely.
- In the past, after selling pressure as strong as today - when the RSI indicator was in the 30-35 range - investors caught a 1-3 month bounce with an average.
- The August report should attract many active value investors and speculators - this catalyst supports the conclusions of my technical analysis.
- As the fundamental attractiveness of the industry has not changed and ZIM has even become even cheaper, I reiterate my earlier buy recommendation.
Oakoff Investments is a personal portfolio manager and a quantitative research analyst with 5 years helping readers find a reasonable balance between growth and value by sharing proprietary Wall Street information.
He leads the investing group Beyond the Wall Investing with features that include: a fundamentals-based portfolio, weekly analysis on insights from institutional investors, regular alerts for short-term trade ideas based on technical signals, ticker feedback by request from readers, and community chat. Learn more.Analyst’s Disclosure:I/we have a beneficial long position in the shares of ZIM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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