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In 2008, After 34 Years Working For The Same Company, He Owned More Than 6 Million Shares Of Company Stock. Eight Months Later, The Company Was Bankrupt and The Shares Were Nearly Worthless. The Story Of Joe Gregory Holds An Important Less

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In 2008, After 34 Years Working For The Same Company, He Owned More Than 6 Million Shares Of Company Stock. Eight Months Later, The Company Was Bankrupt and The Shares Were Nearly Worthless. The Story Of Joe Gregory Holds An Important Less 24/7 Wall St.

Directly affected

  • No company is named in this report.

Indirectly affected

  • ZIM ZIM Integrated Shipping

    Container lines are exposed when a shipping lane is disrupted

  • MATX Matson

    Container lines are exposed when a shipping lane is disrupted

  • DAC Danaos

    Ship owners earn more when vessels are tied up longer

  • GSL Global Ship Lease

    Ship owners earn more when vessels are tied up longer

  • SBLK Star Bulk Carriers

    Dry-bulk carriers move with commodity shipping demand

  • GOGL Golden Ocean

    Dry-bulk carriers move with commodity shipping demand

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
ZIM———————
MATX———————
DAC———————
GSL———————
SBLK———————
GOGL———————

In 2008, After 34 Years Working For The Same Company, He Owned More Than 6 Million Shares Of Company Stock. Eight Months Later, The Company Was Bankrupt and The Shares Were Nearly Worthless. The Story Of Joe Gregory Holds An Important Less…

Source: Yahoo Finance

How solid the shipping case looks

25 out of 100

“In 2008, After 34 Years Working For The Same Company, He Owned More Than 6 Million Shares Of Company Stock. Eight Months Later, The Company Was Bankrupt and The Shares Were Nearly Worthless. The Story Of Joe Gregory Holds An Important Less” scores 25 out of 100. The score uses 2 sources.