Can someone be the devils advocate on (ZIM) ZIM Integrated Shipping Services? I only see upside on this stock and believe it's highly undervalued but want to hear some different opinions. It's trading at a P/E of 0.36 compared to its competitors most trading between 2-7 p/e. Zim is sitting on $3.6B in cash with $3.3B in debt. Market cap is $2B and tangible book value is $4.5B. They pay a dividend of 30% of profits which at recent prices has given it a very high yield. With it being a shipping service, I can see how future earnings will likely be lower given the current position we're in with the economy, but even with a 50% drop in earnings, the current price would still be cheap. Why shouldn't I be backing up the pickup and and loading up on this stock?

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