GREY:CVHIF - Post by User
Post by
brentski99on Mar 17, 2020 6:07pm
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Post# 30819110
Don't worry, Prophet..........
Don't worry, Prophet..........There is enough cash on hand to weather the storm for a long, long, time. A luxury that most others in this sector don't have. On top of that - marketable assets that are worth whatever we can get for them. Being small and debt free with cash in the bank is a blessing in this kind of stock market.
When the company eventually needs to raise cash for a major expansion or aquisition, it will not have to borrow nearly as much as it would have had to in the past. And the cost of borrowing has dropped like a stone.
Standing back and watching other sectors get slaughtered kind of gives me comfort for a change and I say : Welcome to the club!