Comments

  • edited May 26
    Well, plenty of time between now and december when I would expect these to pay out: CO-OPERATIVE GROUP 11% SUB NTS 18/12/2025 GBP

    Apologies for tastelessness, but Co-Op also have a line in providing funerals, so the current circumstances may have to that extent a silver lining.

    Supermarkets and funerals are almost by definition beneficiaries of the crisis: Supermarkets by virtue of displacement from the almost completely independent hotel/restaurant distribution chain, and funeral homes because, er...
  • edited May 26
    The benefits to Supermarkets is limited as hotel/restaurant disappearing are consumer discretionary/service economy and not competing with everyday grocery retailers providing consumer staples, tesco share price is the hint here

    As for funerals, 60 million people die every year globally, half a million from the virus is not a meaningful addition, in UK the numbers are not significantly more, 500k vs 50k, if anything disposal of body needs to be done safely, and it's hard to have anything like a social setting of a regular funeral because of social distancing, tough economy also puts downward pressure on discretionary budgets, dignity share price is the hint here
  • Re funerals , if you look at Dignity (dty) they have seen a massive drop in their share price citing lower cost funerals and cov 19 restrictions as mentioned above by arjungaur. Like everything they are struggling at present, but hopefully will come good. Ihave traded a few recently finding equities are better value than fixed income at present
  • edited May 27
    If anything, fixed income is relatively the most fully valued asset, it's unfortunately very easy for equity shorts to try selling the story of equity full valuation

    as for DTY, they have been having troubles for last several years, so probably virus is not the entire story, so it's important to distinguish between the narrative and the root cause, though as Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events -

    https://books.google.co.uk/books/about/Narrative_Economics.html?id=YlDVDwAAQBAJ&source=kp_book_description&redir_esc=y
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