Cyclical Value Play
Israeli shipping company's fortress balance sheet and asset-light model make it an attractive contrarian play despite industry headwinds
As a value investor, you don't have to be a contrarian, but if your focus is on the long term while the market's focus is on the short term, then you will inevitably engage in contrarian investing from time to time.
One of those contrarian investments is my investment in shipping companies. Of course, I am aware of the short-term volatility that can be endured in this cyclical industry, but with careful selection of operators with different geographic focuses and risk profiles, I believe there are opportunities when the cycle turns favourable.
The company below represents what I consider one of the most compelling opportunities in the maritime sector today.
I introduce you to: