September 30, 2022
By : Quick Insurance Guru
GNK lost over 50% of its value from its June 2022 highs to its September lows.
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The supply chain snafu occurred when it was normalized a lot.
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In the event of a slower growth cadence from 2021, we believe that the market anticipates a higher cost for its valuation.
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We are sure that pessimism in GNK has reached extreme levels.
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We are confident that GNK has bottomed out and should find robust buying support moving forward.
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Genco's new quarterly earnings announcement includes something new for investors.
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We also discuss why GNK is a Buy at the current levels.
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The stock of Genco Shipping & Trading Limited (GNK) fell nearly 50% from its June 2022 highs to its recent September lows.
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Despite distributing robust dividends, GNK's YTD total return fell into the negative zone, at -1.33 percent (as of September 13's close).
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But, we think the destruction in GNK looks near to completion.
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THANKS FOR READING!
GNK Stock – 11% Yield, Low Debt, Higher Dividends Ahead