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Market. These huge declines in the market are not driven primarily by the CoVid19 conditions. About 20% are related to it and the other 80% is related to US and Europe and has been related to an expected deflationary shock expected before the virus hit. What you have seen is massive movement and liquidity hitting the market. Everyone should look at the US dollar. Even the US stimulus is not enough. We have to wait and see. Today is the first day we are seeing volatility going down. The deflationary shock is over. It has been averted.
RISKY
He has been warning people about this. They pay more in dividends than their earnings. His EBV is $10. He thinks it will hang around there. If he had play money around then he would buy a little piece of it here, today. He thinks they cut the dividend too much. If he held it he would sell it.
oil pipelines
BUY
CO-N vs. PEP-Q. They are both consumer stables and he likes them because they are falling off maybe 20% from their high. He is more a Coke guy and it is close to EBV+7 at $39 and closed at $42.81. Close to $38-9 he would be a buyer, maybe even at this price. You can do one or the other and still be okay.
food processing
BUY
CO-N vs. PEP-Q. They are both consumer stables and he likes them because they are falling off maybe 20% from their high. He is more a Coke guy and it is close to EBV+7 at $39 and closed at $42.81. Close to $38-9 he would be a buyer, maybe even at this price. You can do one or the other and still be okay.
food processing
