US stock Z series—ZIM: One of the world’s largest container shipping companies with a dividend yield of up to 30%. What do you think of this stock?

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Trading at a forward p/e of around 1.2 right now. Expected yield for the next 4 quarters should be closer to 40%. The reason it’s priced like this is because the big money thinks that containers have run their course and don’t believe profits will continue. Personally I believe revenues will plummet in 2023. Though with a forward p/e of 1.2 does it matter? I have a small position in ZIM after having made oceans of money off them from may 2021 to feb 2022. Sold off the day after the ex-div, bought back in last week.

Dry_Dog_698

Love it. Continue to dca in. Around 85% of the way to my target total ownership. 2 year time horizon plan.

Trueslyforaniceguy

First Pump, then Dump

Beepbeepboop9

Good summary. ZIM still seems incredibly undervalued at this price level.

Lence

Intermediate holding OK. Still waiting for 1st dividend yet.

Vast_Cricket