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Hogs & Cattle limit up... Yawn.....
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Distance Runner
Posted 4/7/2020 14:51 (#8171817 - in reply to #8171792)
Subject: RE: Hogs & Cattle limit up... Yawn.....


SE SoDak
johannes - 4/7/2020 14:44

Lol....

It would not surprise me at all if corporations engage in some "income statement flexibility" in the coming quarters.... That way, the numbers will be bad enough to qualify them for free meal tickets at the government bailout trough for Q2 and Q3, and then miraculously they blow the doors off lowered Q4 earnings to finish out the year. Thanks American taxpayers!



Yeah, you hit it here. An hour ago I was thinking "I should buy some Tyson stock to claw back a little of their livestock margin gouging". But of course their accountants will find a way understate 2nd quarter profitability so they can feed at the government trough. Purchasing their stock would be a purely short term play. Still thinking about it though...
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