$GSL Buy the dip - global supply chain issues
- high rates in shipping locked
- 2022 estimates:
590M revenue
32% YoY revenue increase
65% YoY EBITDA increase
332M free cash flow
- either it should rebound from the support line of the channel or decline more towards the 200SMA where the entry point is even sweeter.
This is a nice BUY setup IMHO that satisfies both short term and long term factors
GSL
GSL Shippers Heating Up/Merger NewsGSL and Posiedon have agreed to a merger to take place sometime in November. GSL is being valued @ $1.78 a share by Posiedon and receiving over $200mln. With GSL trading at close today at $.95 the upside on the deal alone is great.
But also now take into account the shipper run that has taken place the past couple Novembers and I believe we have a perfect set of circumstance for a nice upside potential for GSL. Given that GSL ran to over $4 in Nov 2016 and $2 in Nov 2017 we could see $1.78 and more.
Check out the top trend line on the monthly chart below.
www.tradingview.com
seekingalpha.com
gsl up pattern formingsharp increase in GSL likely forming due to Baltic Dry Index & Star Bulk rising pattarn
$DRYS leading $GSLTextbook Rodrigue Bubble on $DRYS, too late to trade, but $GSL appears to be a day behind. Great short. Alerted by @stockwz on Stocktwits, thanks.