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Its market cap is $22.6B, its annualized earnings are $34.4B = 4 * $8.6B, for a P/E of 0.65 = 22.6/34.4! Yes, 0.65.
Share repurchases were $550M in Q2 or, annualized, about 10% of market cap.
I expect a big special dividend.
YOUR PESSIMISM IS UNLIKELY TO BE REALIZED.
THIS MANAGEMENT IS SMART TO HAVE MADE ACQUISITIONS FOR CASH,-PASSING-OVER DEBT FINANCING.
THE ACQUISITIONS CAN BE STRENGTHENED AND DEPENDING UPON MARKET CONDITIONS,CAN BE
SPUN-OFF AS TRACKING STOCKS RELEASING ONLY A SMALL PERCENTAGE OF THEIR CAPITALIZATION.
ANOTHER SPECIAL DIVIDEND LATER IN THE YEAR SHOULD BE CONSIDERED BY MANAGEMENT.
At the charts. Pre Covid and world wide supply chain mess it was 4K. Then the shipping industry literally created the vast majority NIF our inflation problems by increasing the cost to move goods 10x without any real cost increases. Total container volume up 5
Percent , total profits up 300 percent. Anything that goes up that fast based on non trend or actual changes will drop back to the original levels when the trend returns not normal. Now that this economic cycle is entering the next phase capacity is opening up and shipping rates are dropping just as fast as they went up.
This stock will revert back to 5k levels over the next 3 quarters. Short positions abound.
this industry is ready to explode earnings imho.
look at the container prices history over the last year and furture projections. am i missing something.
AMKBY is in a great position will make all time high in next 2 to 3 months imho . projection 16.25 2 months
21 by december.