The three-year earnings decline is not helping Pacific Basin Shipping’s (HKG:2343 share price, as stock falls another 7.5% in past week
Many investors define successful investing as beating the market average over the long term. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. Unfortunately, that’s been the case for longer term Pacific Basin Shipping Limited (HKG:2343) shareholders, since the share price is down 40% in the last three years, falling well short of the market decline of around 2.8%. The more recent news is of little comfort, with the share price down 24% in a year. Furthermore, it’s down 14% in about a quarter. That’s not much fun for holders.
After losing 7.5% this past week, it’s worth investigating the company’s fundamentals to see what we can infer from past performance.
