greggles
I'll be back!
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With a thread on bargains already out there, I thought it was time for a thread on companies that are likely doomed as a result of the coronavirus outbreak.
Would anyone like to nominate any ASX-listed companies that they believe are likely to crash and burn during 2020 as a result of the coronavirus outbreak? There must be quite a few that will be kaput by the end of the year. I think the retail and travel sectors in particular will see quite a few casualties.
I'll start with Retail Food Group. As if things weren't bad enough for this company already with a mountain of debt and shrinking retail operations. The last I heard they were hoping to sell some assets to pay down debt. I can't see that plan being particularly viable now.
They withdrew their FY20 Guidance on 24 March and with tumbleweeds currently blowing through shopping centres in Australia, I don't see how they can manage to survive for much longer.
Would anyone like to nominate any ASX-listed companies that they believe are likely to crash and burn during 2020 as a result of the coronavirus outbreak? There must be quite a few that will be kaput by the end of the year. I think the retail and travel sectors in particular will see quite a few casualties.
I'll start with Retail Food Group. As if things weren't bad enough for this company already with a mountain of debt and shrinking retail operations. The last I heard they were hoping to sell some assets to pay down debt. I can't see that plan being particularly viable now.
They withdrew their FY20 Guidance on 24 March and with tumbleweeds currently blowing through shopping centres in Australia, I don't see how they can manage to survive for much longer.