It will be interesting to see how the loan book performs. There is some stimulus coming for groups MNY likely loans to, although the casual retail/hospitality borrowers (hopefully not to many), will struggle. In terms of the relationships, they already manage a fair chunk of the borrowers to keep them paying, assume they will be working overtime in the next couple of months. If the cases of virus stay fairly low over time a full shut down of the non food economy will hopefully be avoided. However if a shut down happened we'd be in a bit of trouble, that would see many people without a pay check for some time.
MNY Price at posting:
$1.82 Sentiment: Buy Disclosure: Held
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