OB:HSHPShipping
Himalaya Shipping (OB:HSHP) Stock Looks Cheap After Margin Surge
Himalaya Shipping stock has gone nowhere over the past month and is modestly down over the past week, even as the latest quarter delivered one of its cleanest profit stories yet. Q2 net income of US$24.6m on revenue of US$53.7m and strong time charter equivalent rates puts hard cash behind the recent narrative of improved profitability in dry bulk.
The near term price action looks sleepy. The bigger story is a company that now reports a trailing net profit margin above 30% and trades on a P/E...