RE:HCG Equity Lender selling at 50% off!You don't appear to be up to date on the news.
There's a virus spanning the globe right now and the government reaction to the virus is destroying global economies and plunging us all into a modern Great Depression.
That might have a little something to do with the depressed stock prices of many companies.
Just last week people were saying similar things on the RET boards. I'm on those boards too, used to own that stock.
I tried to explain the starry eyed "why is this stock so cheap" gang that Reitman's was technically bankrupt. I don't think many of them could understand what I was explaning.
I had to dummb down the explanation a bit to a lower level of intellectual understanding so some could catch on. That seemed to help.
RET just filed for bankruptcy.
There are going to be businesses filing for bankruptcy all over the place
I'm eargerly awaiting the results of the big banks next week. VERY curious to see what it's going to look like.