09-12-2020, 12:37 PM
This is the first time I do read something that makes sense about this virus nightmare. Buying equities for pennies DOES make sense.
Here is an example and it's a personal one.
I own a company that rents laser machines for permanent hair removal. Since covid started, after being forcefully shut down for three months, we are back and running but at 20% of what we used to do. The salons and spas we serviced are closing permanently as a result of this clusterfuck.
Salons and spas that are closing are selling their equipment for peanuts. (including laser machines)
We've lost numerous customers because they were able to buy a machine (like the ones we rent) for 1/10th of the price we paid for ours.
So imagine what the big corporations are able to get for a fraction of the price. Imagine the banks..foreclosing companies for peanuts and reselling them for a huge profit, or selling parts of them for huge profits, when the economy gets back online.
It's the law of the jungle now and only the strong will survive.
Here is an example and it's a personal one.
I own a company that rents laser machines for permanent hair removal. Since covid started, after being forcefully shut down for three months, we are back and running but at 20% of what we used to do. The salons and spas we serviced are closing permanently as a result of this clusterfuck.
Salons and spas that are closing are selling their equipment for peanuts. (including laser machines)
We've lost numerous customers because they were able to buy a machine (like the ones we rent) for 1/10th of the price we paid for ours.
So imagine what the big corporations are able to get for a fraction of the price. Imagine the banks..foreclosing companies for peanuts and reselling them for a huge profit, or selling parts of them for huge profits, when the economy gets back online.
It's the law of the jungle now and only the strong will survive.
~ Today is the youngest you'll ever be again ~