ZIM Integrated Stock: Downgrading To Sell On Rapidly Rising Leverage [Seeking Alpha]
Global Ship Lease Inc New Class A Common Shares (GSL)
Last global ship lease inc new class a common shares earnings: 3/5 08:48 am
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US:NYSE Investor Relations:
globalshiplease.com/investor_relations.cfm
Company Research
Source: Seeking Alpha
Do not buy ZIM stock during this dip: ZIM Integrated is suffering from a steep drop in freight rates since the pandemic. Investors often overlook lease liabilities in the calculation of net debt. I expect leverage to rise rapidly moving forward as the company appears structurally unprofitable - I'm downgrading ZIM stock to sell. Looking for a helping hand in the market? Members of Best Of Breed Growth Stocks get exclusive ideas and guidance to navigate any climate. Learn More » ZIM Integrated Shipping ( NYSE: ZIM ) stock sank double digits on Wednesday morning after releasing fourth quarter earnings results. Some investors may have been hopeful that Red Sea disruptions might spark a recovery in the business, but such hopes have proved overly optimistic. Meanwhile, ZIM has quietly seen its formerly pristine balance sheet turn sour, and I expect net debt to rise even more this year. I caution investors to avoid placing too much emphasis on the company's strong financial results
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GSL
News
- Global Ship Lease, Inc. (NYSE: GSL) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Global Ship Lease, Inc. (NYSE: GSL) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Is Now The Time To Put Global Ship Lease (NYSE:GSL) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- Global Ship Lease Stock Looks Good, But I Have Some Concerns (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Global Ship Lease, Inc. (NYSE: GSL) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
GSL
Earnings
- 3/4/24 - Miss
GSL
Sec Filings
- 3/20/24 - Form 20-F
- 3/6/24 - Form 6-K
- 2/14/24 - Form SC
- GSL's page on the SEC website