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I don't feel bad for them ... they used the previous bailout to buy back their stock and then spent their profits to buy back more. Maybe they should put some
by smoyer 7y ago
I don't feel bad for them ... they used the previous bailout to buy back their stock and then spent their profits to buy back more. Maybe they should put some of those shares back on the market if they need money?
- smabie 7y agoI don't think anyone wants them.
- smoyer 7y agoThat's a very good point ... I wouldn't be long on restaurants at the moment either. The difference is that I think we'll return to restaurants once COVID-19 isn't a threat. I think that our "practice" at telecommuting has fundamentally changed business travel (we need it much less than we thought we did) and that the current contraction in air travel is unlikely to completely re-expand. Pleasure travel is different and it remains to be seen how quickly people will "trust" being in public again.