Worth following/listening to Raoul Pal and his thesis called "The Unfolding", three phases, Panic, Hope and Insolvency. It is possible we are now in the Hope Phase, government stimulus, JobKeep, JobSeeker, Morgage deferrals etc. This will all end at some point. I can see we will be entering the insolvency phase some stage next year. CI1 is geared up and positioned well to take on what I think is inevitable.
I personally think CI1 needs to be aggressive in another acquisition and to scaleup before the storm or this will just be a slow burn until next year.
CI1 Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
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