mazarax

mazarax t1_jeh3hqk wrote

I've been holding it since their IPO. After an initial boom, I am now looking at unrealized capital loss.

And I didn't even get paid a single cent of dividends.

Regrets...

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mazarax t1_jeh2tpm wrote

First: Revenue stopped growing:

'22: 418,933

'21: 464,700

'20: 406,785

'19: 297,897

Second: They have never made a profit

Depending on what you have paid for it, I would exit. If you paid $100+, it is too late, you may as well hold it to zero. If you recently bought it, I would sell immediately, before it goes down further.

My simple rule of investing: a corp needs to be either growing, or be profitable. If it is neither, it is dead.

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mazarax t1_je0s8y5 wrote

If demand for shipping goes down more than this, it means globally, we stopped buying stuff.

All those empty ships will mean a world economy that grinds to a halt.

Good for the planet, I guess... less CO2 emissions.

1

mazarax t1_jdxreqj wrote

The case of $U is simple:

  • Unity has never been profitable.
  • In 2022, they doubled their losses, which are now approximately $1B per year.

Should you buy it?

No, it is going to zero, and it has never paid a dividend, ever.

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