SA: ZIM – should you follow the JP Morgan bulls?

SEEKING ALPHA’s Jonathan Weber writes:

ZIM Integrated Shipping (NYSE:ZIM) remains a volatile stock and it is pretty clear that the best times have passed. Wall Street is currently forecasting that ZIM will generate very meager profits this year and in 2024, which will mean that the dividend will shrink dramatically, potentially even to zero. Thanks to a very strong balance sheet, ZIM could nevertheless be a solid investment, as long as container rates start to improve in the not-too-distant future. JPMorgan (JPM) has ...