Businesses likely to benefit
#6833839
04/07/20 09:56 PM
04/07/20 09:56 PM
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Joined: Dec 2006
Posts: 17,379 Coeur d' Alene, Idaho
James
OP
"Minka"
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OP
"Minka"
Joined: Dec 2006
Posts: 17,379
Coeur d' Alene, Idaho
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A lot of businesses are going to go under, I'm afraid. The government will only be able to mitigate part of the damage.
But other businesses will arise and even flourish. Here are a couple that occur to me:
- Big banks (they always benefit, you notice?). People will run up their credit cards to stay afloat, and wind up paying the banks' predatory interest rates. So it may be a good time to invest in financial stocks.
- Law firms, especially big ones, as suit after suit is filed to apportion some of the losses arising from the pandemic. Law firms can't be publicly traded, so I don't see much investment opportunity here.
Any other businesses you can think of that will benefit?
Jim
Forum Infidel since 2001
"And that troll bs is something triggered snowflakes say when they dont like what someone posts." - Boco
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Re: Businesses likely to benefit
[Re: James]
#6833872
04/07/20 10:15 PM
04/07/20 10:15 PM
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JOCO1995
Unregistered
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JOCO1995
Unregistered
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got to be the grocery stores
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Re: Businesses likely to benefit
[Re: James]
#6833877
04/07/20 10:18 PM
04/07/20 10:18 PM
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Joined: Aug 2011
Posts: 45,523 james bay frontierOnt.
Boco
trapper
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trapper
Joined: Aug 2011
Posts: 45,523
james bay frontierOnt.
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Funeral homes-undertakers-crematoria.Medical supply companys.
Forget that fear of gravity-get a little savagery in your life.
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Re: Businesses likely to benefit
[Re: James]
#6833884
04/07/20 10:24 PM
04/07/20 10:24 PM
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Joined: Mar 2007
Posts: 35,176 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,176
McGrath, AK
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A lot of businesses are going to go under, I'm afraid. The government will only be able to mitigate part of the damage.
But other businesses will arise and even flourish. Here are a couple that occur to me:
- Big banks (they always benefit, you notice?). People will run up their credit cards to stay afloat, and wind up paying the banks' predatory interest rates. So it may be a good time to invest in financial stocks.
- Law firms, especially big ones, as suit after suit is filed to apportion some of the losses arising from the pandemic. Law firms can't be publicly traded, so I don't see much investment opportunity here.
Any other businesses you can think of that will benefit?
Jim I disagree with part of that. Banks are going to have a tough time IMO. Yes people will be running up credit cards but many of them will default. Banks will suffer some from that but the real hard thing for banks to overcome will be the narrow spread on interest rates. Their cost of money is very low right now but so are the long term rates at which they will be lending. They can borrow at maybe a half percent and lend long term at maybe 3.5%. That is not enough of a spread to make their earnings anything special. Remember in the old days they could borrow at 2-3% and lend at 7-9% But I agree about the credit/debit cards. So invest in the companies that get paid for processing the transactions Visa, Mastercard. They don't take any of the risk as far as loaning to consumers for transactions but they take a bite of every transaction made with a card. Also, the federal government will begin to debate a 'digital dollar' soon. A system like that would facilitate the current stimulus in getting "money" into citizens hands without processing paper checks for thousands of people with no bank account. So again, I would look at companies with the digital architecture already in place to process fund transfers. Visa, Mastercard, Paypal, and maybe some tech/security companies like Okta. That is just my opinion. You are responsible for your own due diligence I would also say look at Alibaba in China. They are the equivalent of Amazon in the USA with a LOT bigger market and they are already into banking and finance as well as online marketing.
Mean As Nails
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Re: Businesses likely to benefit
[Re: James]
#6833898
04/07/20 10:31 PM
04/07/20 10:31 PM
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Joined: Jun 2012
Posts: 3,834 KY.usa
rex123
trapper
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trapper
Joined: Jun 2012
Posts: 3,834
KY.usa
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Re: Businesses likely to benefit
[Re: James]
#6833915
04/07/20 10:48 PM
04/07/20 10:48 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,485
MN
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Big government and the Fed will benefit the most.
Guys who clean up foreclosure homes are going to get busy like they were int 2008, 09 and 10.
Gold mining is going to be profitable.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Businesses likely to benefit
[Re: James]
#6833921
04/07/20 10:52 PM
04/07/20 10:52 PM
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Joined: Jan 2014
Posts: 17,740 Central Oregon
AntiGov
trapper
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trapper
Joined: Jan 2014
Posts: 17,740
Central Oregon
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Security systems on the rise
Even though people are home more , more people are freaked out from lack of enforcement
Report a post club - Non member
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Re: Businesses likely to benefit
[Re: James]
#6833922
04/07/20 10:52 PM
04/07/20 10:52 PM
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Joined: Dec 2013
Posts: 3,650 Southeast Ohio
amspoker
trapper
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trapper
Joined: Dec 2013
Posts: 3,650
Southeast Ohio
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Seed companies.
Hatcheries.
Maybe whoever produces ivermectin.
Levi
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Re: Businesses likely to benefit
[Re: James]
#6833927
04/07/20 10:56 PM
04/07/20 10:56 PM
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Joined: Dec 2013
Posts: 14,867 Greene County,Virginia
run
trapper
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trapper
Joined: Dec 2013
Posts: 14,867
Greene County,Virginia
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Snap on is going to benefit because people can't buy new cars. So people have to get their cars fixed somehow. This idea is not original with me.
wanna be goat farmer.
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Re: Businesses likely to benefit
[Re: amspoker]
#6833928
04/07/20 10:57 PM
04/07/20 10:57 PM
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Joined: Dec 2013
Posts: 14,867 Greene County,Virginia
run
trapper
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trapper
Joined: Dec 2013
Posts: 14,867
Greene County,Virginia
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Seed companies.
Hatcheries.
Maybe whoever produces ivermectin.
Merck produces Ivomec in Elkton,VA.
wanna be goat farmer.
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Re: Businesses likely to benefit
[Re: James]
#6833929
04/07/20 10:57 PM
04/07/20 10:57 PM
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Joined: Jan 2008
Posts: 9,227 Alaska and Washington State
waggler
trapper
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trapper
Joined: Jan 2008
Posts: 9,227
Alaska and Washington State
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Look at a gold price chart and see what the price of gold did after the last stimulus; it sky-rocketed. Certain tangible things like gold and real estate might be considered if you think what they are doing is inflationary. I don't know how it can't be inflationary, their only hope is to print our way out of this 6 trillion dollars they are forking out.
"My life is better than your vacation"
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Re: Businesses likely to benefit
[Re: bblwi]
#6833930
04/07/20 10:58 PM
04/07/20 10:58 PM
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Joined: Jan 2007
Posts: 7,188 Wisconsin
Moosetrot
trapper
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trapper
Joined: Jan 2007
Posts: 7,188
Wisconsin
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Delivery business will do well during and after I do believe. There will be even a greater shift to online purchasing and social networking. Think of the millions who had never used this until now and will probably continue at limited to extensive usage.
Bryce I am going to agree with Bryce on this one. We had our first order from Aldi's delivered today. It was done by Insta Cart. We made a list online and paid with our debit card. Got notice that the 'shopper" was starting at around 4:00. Then got a message that he was in transit. 15 minutes later he was in our drive hauling bags to our front door. Cheap as can be for the delivery too so we left the guy a $10 tip for the $125 order. Sprayed most everything with alcohol on the front step and then brought it all in and put it away. Everything we ordered was there ...except the dang chip dip which was not in stock. With my wife's health issues and my disdain for shopping this certainly is not going to be the last time. Moosetrot
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