Comment / Supply chain radar: Feeling upbeat about Yang Ming, right?

Wrong. Despite all this:

You may have paid too much attention to its headline numbers, conveniently – or unconsciously – ignoring its underlying cash flow performance.

More interestingly, though, it announced some changes this week:

Yawn

Gross profit rose but was nowhere close to covering its operating expenses in Q2 – it was $14m short in the quarter as well as in H1, in fact.

Its net losses are so clouded by a myriad of items whose fair values could be much lower – my ...