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Discussion Starter #1
Our economy just got hit by a truck. Some companies will get back up, but others are probably going to turn into permanent road kill. Cruise ships, tourism, restaurants, entertainment are all vulnerable sectors unlikely to receive bailouts, they aren't essential services. Airlines, consumer discretionary are facing big headwinds.

Stock market gains are often a long slow grind up some stairs. The path down is more like an elevator. A distressed company could be a 100% pretty fast. Who's got some ideas on bankruptcy candidates?
 

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The ones that come to mind are Bombardier, ShawCor, and Sherritt.

I think it's already priced into their equity and debt rating, so this isn't exactly news. I hope they pull through.
 

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I'm curious to see how many US airlines declare some kind of bankruptcy or other distress.
 

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Pretty sure the pot stocks are all in trouble...illegal grow ops can/have made money in any climate & no covid related drag on profitability.
 

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It looks like the virus has put a halt on the IPO of Economical Insurance they thought would be this year.

Interestingly, the IPO saga informed about 850 mutual fund policy holders that they are actually the owners of the company.

The insurer had a $1.8 billion dollar surplus and was valued at more than that at an IPO.

Many of the mutual policy owners are old and getting older. The policies aren't transferable so the number of "owners" is dwindling away every year.
 

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Pretty sure the pot stocks are all in trouble...illegal grow ops can/have made money in any climate & no covid related drag on profitability.
Delta9 cannabis in winterpeg seems to be holding its own! But ya aurora and canntrust are in trouble.
 

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Discussion Starter #9
We've got some great ideas started on here! It's a bit depressing to think of how many companies and entire industries are being turned into road kill right now. Buffett just sold all his airlines at a loss and is sitting on his largest cash position ever saying it's not time to buy yet.
 

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It looks like the virus has put a halt on the IPO of Economical Insurance they thought would be this year ...
Interesting that the demutualization that started in 2015 that was anticipated to take two years, had a 2019 vote.

Not sure what the hold up is/was with other Canadian insurers doing a similar process in far less time.


Cheers
 
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