05-18-2022, 01:33 AM
(05-17-2022, 11:32 AM)divmenow Wrote: Wow WMT now down over $15. I thought this was a recession proof stock. Worst day loss I can remember from this stock
Companies like GO and THS are benefiting from WMT supply issues. I wonder how KR will do? This one has come down from its highs.
It's never the exactly same situation. I'm a bit too young to fully have experienced the last recession. And we may or may not be heading into a recession, but we surely are in a stupidly high inflationary period.
Significantly increased costs for both supplies as well as workforce, coupled with the struggles that the consumers will face in the next 6-18 months, I don't think it's a great place to be selling anything to consumers right now, even if you are the one selling the low cost stuff.