In my opinion the risk/reward isn't there yet with CCP. The affects on the world economy hasn't really started yet. I don't even want to think about the number of people who have/will be laid off across sectors like tourism, hotels, cafes, restaurants, etc. Take QANTAS as an example, they have 20,000 people they don't currently need.
For how long will this last? I just read a news article that the number of infected people in California is doubling every 4 hours. This Covid-19 virus may be over in 2 weeks, 2 months, 2 years? Economically speaking the impacts may be around for a very long time. This would have to impact not only CCP but almost every business.
Butchy.
CCP Price at posting:
$9.91 Sentiment: Buy Disclosure: Not Held
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