- Wealth PMS
Ok this is as crazy as it gets. Please wear your seat belts.
Welcome to Stage 2 of the World Financial Crisis, 2007-10. On the menu are two things – Buy and Sell. There are assets out there that are distressed – I would specifically be interested in low debt companies in low end restaurants or liquor. But then there’s a ton of very high P/E, high debt, low visibility companies that are literally going out the door. At this point cash is king – sell when you can generate the cash. The crisis is likely to hit our markets this week – selling has to be early, and buying has to be late.