Comment / Against the odds: ZIM's $17 div – the other edge of the sword

Swiftly, here’s the flip side of the glamorous ($17 a share dividend) ZIM trade.

Of which, by now, you know the bull side of story if you have followed our coverage on Monday.

If you did

You’d be little surprised to find out that – with the Nasdaq 100 down 1.9%; S&P 500: -0.7%; Dow barely in the green – yesterday ZIM set another massive record of $83.8, closing at $82.54, up 4.7% for the day ($9.8bn market cap).

But for all that joy, those ...