Sunday, April 05, 2020 12:58:43 AM
Let me tell you something, Warren Buffet just sold Southwest and Delta Airlines stocks at a loss even though they are being backed up by the government. I have a feeling he sees bankruptcy protection filings in the near future. Sure these companies have a lot of debt but these companies were making Billions of dollars prior to the pandemic. COOP does not make billions of dollars in profit like the airlines do and now with the unemployment rate at record highs COOP is gonna be bleeding heavily without any cash infusion. Not even Blue Chip stocks are safe at this point.
So I ask you, Do you think I am overreacting??
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