RE: COVID Stocks.3 Jun 2020 14:48
Lets look at this as a share....
1) The company as off today is debt free and has circa £25 Million in the bank
2) Numerous Directors are buying more shares (the only benefit a director gets in shares in the company is when the company gets sold. Bonuses etc do not need a stock holding
So....
Am I happy to keep buying more and more of these shares at these silly prices yes!
As I have said before the Flu jab which I have each year is 25-40% (or was last year) successful, so even if a cure or suppressant is found testing to find out 'Who has it' will be needed.
Anyone thinking this will only be around short term really needs to research the company and what they are doing.
As for the FTSE shares when the second spike hits properly which it will they will all reduce again back down to April levels. Personally I sold all of my Lloyds/Barclays shares back in March I shall buy back into them, but not until the second wave is done!