it is for the same reason I enjoy healthy debate as I did learn the hard way a few decades ago that you cannot be fixated on your own position if the market is telling you otherwise. I put that experience to good use of in later years.
You will note I do not engage in name calling or any form of abuse and often mark like the contributions of @Pioupiou@ValueSearch and others.
With tens of thousands being made redundant in Australia and 6 million new jobless claims in the USA I would imagine CCP collections are going to take a big write down.
While the Jobseeker and Jobkeeper stimulus provide a living wage I would imagine paying CCP is bottom of the list behind rent food and basic essentials.
A new financial landscape will emerge from this and there will be so much debt that is unrecoverable that there will be much tighter credit controls, hence the reduced capacity for CCP to purchase PDL.
Most of you invested in this stock as a growth story and my position is it is now ex- growth and will be for the foreseeable future.
CCP Price at posting:
$13.73 Sentiment: Sell Disclosure: Not Held
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