Dec. 23 at 8:17 PM
$ZIM letting it ride to the moon. The offers should only get better from here. If it gets choppy, I’m rebuying. A deal will take time, but I expect the board will follow policy on the Q4 and annual dividend, which should pay around the first week of April. Maybe
$2/share.
I won’t be heartbroken with a
$35+buyout, but the company is worth a lot more than that. The impingment they took on the leases was questionable at the time, and now the leases have turned into valuable assets amid skyrocketing newbuild costs. Mixed bag here, we deserve more but I’d take it.
Last thing, I think MSC looks foolish letting their biggest competitors gobble up more market share. I wouldn’t be surprised if they jumped back in.