RE:Is recession good for TEI?TEI's main business defense against a recession is that their key clients are operating recession-proof businesses: food and beverage, and pharmaceuticals.
Unfortunately those that don't prioritize cost reduction projects today are unlikely to change their views during a recession, and will rather curtail their capital spending. But every recession passes and TEI is strong enough to weather such a storm and now even better than in the past. This time around central banks are more likely to lower interest rates and that is what many are waiting for to bring back confidence. I think we are in much more solid footing that so many other companies out there.