Hopefully they all even cheaper on Monday. There is normally so much bad news over the weekend that only one way prices are likely to go. Must admit there are a few starting to look tempting, but must resist
Printable View
Hopefully they all even cheaper on Monday. There is normally so much bad news over the weekend that only one way prices are likely to go. Must admit there are a few starting to look tempting, but must resist
I've also exited my position in MET on concerns the takeover will not proceed. I'd be happy to buy back in at the right price but one lingering concern I have with buying the retirement sector is the market's likely reaction if there is a single case of Covid-19 in any retirement complex.
I've also added THL to my Christmas stocking wish list at half NTA - 90 cents. (You can make a lot of money on cyclical's buying at the bottom of the cycle).
THL was never really a growth company, (just a cyclical with a lot of talk about growth from Rob Campbell, pretending it was a growth company).
Yeap, they're now the red hot favourite on that list to be next but please note the caveat to buying at the bottom.
After that ARG are not far away and have a fair percentage of retail buildings so are vulnerable to a pullback as small retailers struggle and as we head into a winter of deep recessionary economic doom and gloom, banks and finance companies never do well so HGH follow along.
SUM probably in contention too with the speed of their fall from grace showing no signs of slowing.
In the end we'll all be buying the stock that we each percieve to be the biggest bargain or having the fastest recovery, which may be the same thing.
I suspect AIR might be top of that list, followed by AIA? I doubt REITS will be all that cheap, but who knows?!
Banks could also be a good one, and any stocks that currently have a stretched PE.
Which stocks if any are likely to indirectly benefit from this stimulus package?
None...as bear will Savage any stocks to the ground....