The recipe for the next Great Depression...........let's see......create a virus that is hard to stop and let it spread around the world uncontrolled, let it kill enough people (esp after the hospitals are full so the sick have to go into tents with no oxygen or ventilators) that governments are afraid to let it go unchecked, have governments around the world try and stop the deaths by shutting down all human movement (futile in the end), in the process they destroy the economy and jobs for tens of millions of people per country, businesses and corporations go under, poorer countries have no ability at all to fight it, government throws trillions of dollars at it trying to stop the chaos and weaken themselves horrible for the aftermath.
Is this sci-fi? This is real life now. Maybe next month a miracle happens and it all goes away. However, if you had to create the recipe for a devastating recession and/or depression, isn't this it?
The world doesn't end though. The stock market will go on. Money can and will be made. As an investor you need capital though to do it. You have to own companies with no debt, that can run their businesses online while their employees program from home, that can actually grow in shutdowns with a product that is in demand. I say this because if I may be right and you are wrong then glory days of an economic boom aren't coming in 3 months.
Does anyone here actually believe what Trump or Mnuchin is saying?
Imo, this virus is now part of the community. It may come/go in waves, it may mutate, it may become seasonal, but it is NOT going away just because you want it to. This virus is the honey badger.......it don't care! AND governments are doing anything they have to to stop it. That is a fact, whether you agree with it or not.
SEAC......the company already gave Q4 guidance that they will do $70-80M for the year. They talked at the Needham conference on January 15th using the midpoint numbers of $75M. That's $27M for the quarter. Analysts have them at $23M. Either one produces great net income. They are in an environment that should grow. Streaming is only going one way if people can't go to theaters or entertainment.
Does anyone here think a $2.70 stock doing 18-25c/share in Q4 earnings with a solid guidance will run? One that grows in an environment of shutdowns? One that grows in the environment later where movie theaters are always suspect? Maybe this isn't an APT or Blue Apron (APRN) but I wager it makes a nice 52 week high for sure and then who knows what momentum does.
AI
