RE: RE: RecessionI understand your concern Pagodas.
Let me relieve you with these two points:
- Half the book value of AM is cash or equivalent.
- AM distribute most of its unused cash.
So even if by extreme emotion AM trade at a farfetched value like $1.20 or below, You just have to wait as qurter after quarter, AM will fill your pocket with lovely cold cash.
By the way there is no law that states that if a stock crashes, you have to sell it.