I got one right. ACH is down 25% today. I am so glad I didn’t waffle and sold my 80,000 shares yesterday.

I bought some ZIM today. They have a take-over deal to be bought for $35 and a back-up offer at $37,50. It is back under $26 now. The risk here is that the Israeli government does not approve the deal. The buyer is a German company. The back up offer is from an Israeli company. I am betting one of them will get approved. I think the downside is limited to maybe 15%, and the upside 35%.

In the meantime it pays a 7.5% dividend.