A Company Laser-Focused on Generating Shareholder Value

In my Buy or Bye? series, I take a popular stock, strip away all the hype, and let you know whether you should buy now, buy later or buy never.

One of America’s best-known shipping companies was a stock market darling in 2020 and 2021. In today’s video, I explore whether it can continue to remain a shining light in a sea of red as investors try to keep afloat in 2022.

Although we may have experienced the worst start to a year in decades, it seems there’s no sinking this company… Its stock recently saw its biggest single-day gain in 29 years.

Many are crediting this surge to recent changes made to the company’s executive board thanks to pressure from activist investor D.E. Shaw & Co.

Bloomberg shared the result…

But despite the changes D.E. Shaw is bringing about…

Major analysts have been quietly reducing their price targets on the company’s shares.

Deutsche Bank decreased its price target from $310 to $298, Bank of America from $297 to $280 and Morgan Stanley from $250 to $245.

Defense World reported this at the beginning of the month…

Should you buy into this famed shipping company before its earnings announcement this week?

Or should you wait for the next dip?

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