Jun 28th 2012 - Edison Investment Research today published a report on Acm Shipping (ACMG.L, LSE:ACMG, LON:ACMG) entitled "Bottom Of The Cycle". In summary, the report says:
Share price weakness over the past 12 months is understandable in the context of the further downward shift in the shipping cycle and the group’s short-term staff defection problem. However, at the bottom of the cycle, with a strong cash-rich balance sheet and ongoing investment in business development, ACM’s shares offer a secure high yield and strong medium term recovery potential.
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