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Posted On: 04/16/2020 9:49:20 AM
Post# of 640
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$RIBT, the right product in the right industry at the right time. Hey, food producers this year should do fantastic. People will be made poorer with this long quarantine. Businesses weakened. A negative kicker for the economy is JP Morgan Chase, the nation's largest lender, announced that effective last Tues. home buyers will need FICO scores of 700 and 20% down payments to qualify for a mortgage. Housing prices will have to crash so most buyers, especially 1st time, can afford to put down 20%. So many industries are tied to home building. Other problems will arise leading to a major recession, IMO. In the big bear market in 2000-2002 I tracked the big food companies and they were the ONLY major industry to have their stocks higher in that period and that was without dividends. A small food producer like RIBT with earnings growth coming could be a super stock in the next 24 months.
https://www.youtube.com/watch?v=EPzSNQsWPto
https://www.youtube.com/watch?v=EPzSNQsWPto
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