Looks like we are definitely headed into a full-blown recession: https://finance.yahoo.com/video/u-markets-sink-virus-fears-163703359.html
Problem is, the markets will continue to fall as long as the uncertainty remains on the spread of the virus and its economic impact - we are talking several weeks/months.
How low BTH will go is anyone's guess. As I mentioned above, companies like BTH, operating at a loss, may not survive long in such an environment. I held similar companies during prior to the GFC and not all of them made it through. That's because they have little room for manoeuvre. As long as the economy is good, they can grow their business at a reasonable rate, which makes up for lack of profits. But when trouble brews and business tightens, they cannot make ends meet. I know this sounds alarmist, but a healthy dose of realism is of the essence.
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Looks like we are definitely headed into a full-blown recession:...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $98.60M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 12.0¢ | $45.99K | 381.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 367079 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 226509 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 367079 | 0.120 |
8 | 236425 | 0.115 |
15 | 544152 | 0.110 |
5 | 259525 | 0.105 |
23 | 891133 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 226509 | 11 |
0.130 | 179608 | 5 |
0.135 | 175429 | 7 |
0.140 | 231925 | 6 |
0.145 | 461452 | 11 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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