The fundamental adage of the stock market, indeed any market for that matter, is “buy low, sell high”. As all know in shipping, the liner industry is bogged down in a tremendous slump largely due to similar causes, but also by reasons caused by the individual management of the companies. In this article we take a look at three, primarily liner, companies on three different exchanges and at three different stages in their cycle. From the outset we are not trying to say that all three of these companies are undervalued, simply we are examining each so that one may be able to gain some perspective on liner share valuations. Simply, as the industry is at a low, where can one take advantage of such?
This is only an excerpt of Three Public Liners, Any Hints on the Cycle?
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