This story was originally published here.
The coronavirus pandemic is creating changes to the global economy that can make you seem like you’re living through a movie. Businesses are closed not due to lack of demand, but because supply was cut off. And that is causing more problems for some troubled stocks.
Millions of Americans are under shelter in place orders. Not surprisingly, the idea that “the cure is worse than the disease” is creating a strong movement towards having the economy reopen.
But when the economy does reopen, one thing seem clear, it won’t be business as usual. And given the razor-thin margins some businesses run on, government assistance may not be sufficient for some to survive.
That’s a thought that is echoed by Dr. John Griffin, Professor of Finance for the McCombs School of Business at the University of Texas at Austin. In an email response to InvestorPlace, Griffin said of the federal bailouts:
“I do not think that the federal bailouts will matter much for an impending recession/depression. People won’t eat at restaurants, take trips, or do many of things they do until COVID-19 is under control. So the economy will continue to contract.”
Here are a few troubled stocks that come to mind…
Editor's Note: To see the list of stocks, click here.
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