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13:51
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Originally posted by CaptainBarnacles:
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I can see the danger in this stock as well. It is a great performer and I would probably be a keen buyer in the event of a real recession (ask Janet Y about that!). Is the tailwind gone for a few years? Will the jobs boom hold up? Or is CCP going from boom to bust conditions. (Not saying CCP will go broke, talking about their customer base). Also we have the used cars as collateral for some lending - these seem overvalued, and politically the gov hand-outs to lower income demographics seem to be over while inflation is a problem. There seems to be more inclination towards middle class welfare.
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https://www.barrons.com/articles/recession-cars-bank-repos-51657316562
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