One Coronavirus risk I haven’t seen people talk much about is sequencing risk. The assets may be good and cash generative over the long term but it doesn’t matter if the creditors are the new owners and your equity gets wiped out.
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I’m agreeing with you. Some things are “cheap” because they’re going bankrupt. Some things are cheap. Figuring out which is which is the hard part. Berkshire will be around, a small oil co that can’t miss one week of revenue won’t. The middle is where diligence will prevail.
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Yeah I gotcha! I'm just saying you know... I don't want to be harsh on people and I hope that everyone does well! Agreed re:
$BRK vs. small oil, absolutely right. :) - 1 more reply
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