Opinions
Darren Sissons
Maersk ADR
AMKBY-OTC
WAIT
Sep 29, 2022
2020-21 was solid, as freight rates were high. Since Covid, logistics backlog unwinding. He sold on valuation. Wait till it comes down. Don't touch here.
$9.220
Stock price when the opinion was issued
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BUY ON WEAKNESS
For logistics exposure, look at Maersk, the biggest shipping company in the world. You can also look at FDX, CJT, or CHRW. Stocks have gone hyperbolic, and have now come back a bit. A lot of funds are selling out. Structural growth story. You make money when you buy, not when you sell. Buying on the pullback will lock in bigger gains.
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