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Re: stocks in meltdown mode
Quote:
Originally Posted by CRedskinsRule
It is kinda fun to play around in the market where long term upside seems a better bet than dropping deeply.
Trying not to go with companies that might not make it out of this thing intact is the hardest call. Airbus(EADSY) is one of those, and my only real flop. I bought it around 21 and its at about 14 now. And its upside was 35 or 1.5 times. I chose it over american companies because i dont think all the airlines survive, and I am not sure which ones make it out, and the buy in was under 50 per share.
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Good call. Apply a filter to exclude companies with corporate credit ratings lower than the yellow you see here. That's automatically going to limit you to companies with the balance sheet strength to weather this storm. From there search within industries among the remaining, and filter for value indicators as you normally would.
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