Himalaya Shipping: I Missed The Boat - Upgrade To Buy

Kevin Avroutskii96 FollowersFollow5ShareSavePlay(9min)CommentsSummaryI had previously called the company a sell; this was a mistake.While breakeven is higher than peers, the significant premium to the capesize index more than justifies this.Capital return policies are attractive and allow for shareholders to participate in the upside potential of the capesize sector. DNY59/E+ via Getty Images Himalaya Shipping Ltd. (HSHP) owns and operates 12 Newcastlemax/Capesize dry bulk ships. I covered the stock some time ago. However, my thesis did not turn out as I expected, following a total return of overThis article was written byKevin Avroutskii96 FollowersFollowI am a young investor focused on long-term investing in stocks trading at or below fair value. I am passionate about analysing companies to look for ways to take advantage of mistakes made by 'Mr. Market' and make myself wealthier along the way.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.