RE:RE:Impending US Recession..is ACB recession proof?yep but market timing is tough
bionicjoe wrote: It's kind of a misnomer to refer to it as an impending US recession when as yet there is no consensus from among the talking heads. Analyst opinions range from a recession to a temporary slow down and then a pickup this Fall to no recession at all. We'll have to wait and see if the China-US trade talks make a difference with the signing of an agreement.
Of course no company is recession proof especially those that have yet to prove themselves in a new sector. Even if the recession is limited to the States which would be a foolish notion IMO we can't forget that ACB trades on the NYSE and would be impacted like all the other stocks. How hard the cannabis sector would be hit depends on the severity of the recession because that would play into the investor fear factor. One thing's for sure. Those that bought shares in quality companies in past recessions did extremely well financially once confidence returned to the market. If there's a lesson to be learned it's buy strong recovery contenders at the low point of a recession and you'll be rewarded. Easy double or triple when the market figures its time to get back to work.