It has been several months since we last covered ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), where we gave it a buy rating of $21. The stock has since plunged primarily due to very poor Q1 and Q2 results, posting huge losses and missing significantly on the top and bottom lines. The company then decided against paying big dividends, which many investors found attractive about ZIM. Although ZIM has a free cash flow ("FCF") yield of over 200% (FCF based on TTM numbers), the stock is hitting new all-time lows.
