What is going on with ZIM? via /r/wallstreetbets #stocks #wallstreetbets #investing

What is going on with ZIM?

I own shares of ZIM and have for almost a year.

The dividend yield has been substantial.

The company has lots of cash.

It's book value per share is $43, mostly cash.

It's stock price is around $30.

Ocean shipping prices have not particularly decreased, while fuel costs have decreased.

It has both a PB and PE ratio below one, which seems crazy. It appears it will continue to make a profit in the near future.

I plan to continue to hold and am highly considering adding more at these prices. Not only for capital appreciation but also dividend yield.

What is the story with it being so badly oversold?

Submitted September 08, 2022 at 01:24PM by stylishskunk
via reddit https://ift.tt/COd2giQ