Post by
Global1966 on Mar 07, 2022 12:58am
Buying NFG
I wonder how many are thinking like - I'd love to buy NFG, obviously a huge deposit and growing. But if a market wipeout is around the corner, maybe I should wait a little longer. Maybe I can get it 20 to 30% cheaper.
Comment by
JRafflesUK on Mar 07, 2022 6:28am
But if a market wipeout is around the corner, maybe I should wait a little longer. Maybe I can get it 20 to 30% cheaper. ...... but if a market wipe out results in a bank bail out, then NFG could be 20/30% cheaper, although cash held may be frozen / converted to bank shares?
Comment by
Retiredgeo on Mar 07, 2022 7:01am
Hello JFUK: Please explain. How does a market correction result in frozen cash? Are you assuming a total economic collapse? That is not in the cards!!