These were introductory comments in the previous post on Great Eastern Shipping 7 years ago: "Fundamentally strong, with very good profit margins, strong cash flows from operations, low P/E ratio, regular dividends - all the hallmarks of a stock that should adorn any long-term portfolio."
The shipping sector has been facing a pressure on freight rates for quite some time due to an excess supply of vessels - compounded by a slowdown in the Chinese economy and low oil prices that have affected offshore drilling business.
In spite of such headwinds, India's largest private sector shipping company has produced stellar results.
-- The shipping sector has been facing a pressure on freight rates for quite some time due to an excess supply of vessels - compounded by a slowdown in the Chinese economy and low oil prices that have affected offshore drilling business.
In spite of such headwinds, India's largest private sector shipping company has produced stellar results.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/08/stock-chart-pattern-great-eastern.html
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