GR
As i have posted many times,my absolute no 1 reason for holding a co is its business model,then i look at debt,trends etc .
So i currently hold 4 co's,if i had the ability to research more co's i would probably hold more.
Having said that.
-2 of the co's i hold have suggested so far they expect limited if any financial effect from corona.
-another co hold i believe is sufferring from market perception of the potential effects of corona,i believe the perception is incorrect.
-then there is tls
.tls like my 2 first holdings should be reporting corona wont have any material effects on tls,but u know my thoughts on penn and chairman and do we have a cfo?
In other words its going to depend on the business model as to how sectors of the economy 'recover'.
My concern is who the govts go after to pay for them shutting down the economy.ie have they got the balance right.It wont be the public service,it wont be welfare recipeints,lol it wont be telstra or the banks.As a sf retiree with a house i feel vulnerable ie land tax ? Any stone with some blood left in it.
How easy would it be to buy bank shares,but unlike tls i still have serious concerns about what their business model is going forward,ie every division of the banks is going thru massive changes,I expect the banks to continue to shrink until some type of new technology banking business model develops ie tyro , amazon and facebook have their specific competitive advantages,then u have apple pay and alipay,then you property prices.,bad loans It basically places a question mark over the entire banking business model.
I expect more banks to close branches,atm's will become obsolete.Just to much happening.
Of course if we had a ceo imo only he/she should be working with the banking sector to develop new tecvhnology banking not just connectivity and help convert the big 4 into more technology banking co's as per a combination of tyro,apple pay/alipay and in place of facebooks and amazon customer base utililise and monetise tls's customer base to make the banks more competive,but tls to get a slice of the profits ie like apple pay does.
(20min delay)