There is no
shortage of ammunition for the gloom merchants at present. However, these
current market conditions underscore the old adage that “cash is king”.
Just as was
seen during the Great Depression of the 1930’s there are opportunities for
those individuals and companies who find themselves in the enviable position of
being positioned to operate in a
cash-starved market.
There will be
opportunities to acquire shares at very attractive levels whilst failing
companies will be up for grabs at drastically reduced prices with the prospects
for consolidation or spinning their assets for more cash.
It sounds
like a pretty simple model, but then, so are many of the best ideas.
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