worst case senario of course if supply chains shut down.
Printable View
Looking seriously oversold now on the technicals.
I'm a fan of the mgmt of HLG but this is a situation where there exceptionally good 'just in time' stock management is going to come back to bite. Hearing more info from commercial connections about how bad China really is and what the flow on effect is going to be. Basically the dock/factory workers just arent going to be there for some time yet (they are predominantly from the regions) and retailers either have stock stuck on wharves or either are going to be in a serious backlog.
At a top level 'how bad is it going to be', the 2nd largest economy in the world is broadly going to stop working for ~3 months...
all the gloom and dismay today without actually checking the price I thought it must have gone down to about 550 or something
Holy crap -just had a look - its in the 520's
Also, they cant just shift supply to Bangladesh.... 1) EVERYONE will be trying to do that and 2) BNG textile industry doesnt have the technical expertise and variety in capability in certain areas that China does. Plus logistics out of BNG can be a pretty big hassle (port facilities are already pretty stretched).
Hallensteins must have plenty of new season tees ...imploring me to buy 2 for 30 bucks
2 tees or 6 shares ...hmmm