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Read the story. It's what he did in 2009 and got burned by it. Almost bankrupted him. He's learned his lesson.
by beerandt 7y ago
Read the story. It's what he did in 2009 and got burned by it. Almost bankrupted him. He's learned his lesson.
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- hilbertseries 7y agoThe situation in 2009 is so far from this, that it’s not even comparable. Face masks are going to be in high demand for the next year or so, probably beyond that because a rollout of the vaccine is going to be slow.
- Zenbit_UX 7y agoI'm sure he's aware, what you're overlooking is that when China starts producing again he's instantly undercut by a 5x margin and history has shown him no one in the US cares about buying American if it means paying more, then he lays off all the workers again and goes out of business.
- wonnage 7y agoSo basically he's a businessman who couldn't figure out how to meet a sudden demand for his product, and his solution is to just ignore it this time.
- Zenbit_UX 7y agoHe's a businessman that learnt his lesson and he's more cautious this time. The article did say he's hiring and trying to scale up but at a sustainable pace.