I still stand with my own principle that it will go to 20 cents end of the year because of 10 reasons:
1) A second wave of illness
2) Stimulus packages are temporary
3) Irreversible damage to business
4) unemployment will continue for longer than the crisis itself
5) Mortgage defaults
6) Unreliable earning per share estimates
7) Reduction in stock buybacks
8) Looming recession
9) Continued fear and uncertainty
10) Misinformation
This is just a temporary rebound due to a reopen of economic. Biz now is not like a previous biz. The world has changed. It may take many years to recover the economic.
businesses will need to adapt to new normal instead of just waiting there and die, if that happens, 20 cents is not a dream.
but imagine an industry so big and not like Ramli burger stall you can open and close overnight, if you are TF, would you allow your company to go down without fighting?
