Markets are off nearly 600. I have 35% cash, was 75% cash, but I hedged a lot this morning in some triple inverse ETFs. Normally I do not share ideas with the UNWASHED public; but I’ll make an exception with this one. It could be special.
BIMI — owns and operates over 300 pharmacies inside China. How can you possibly want a better virus play?
Their news today:
Since the epidemic of the novel coronavirus, the company has been actively contacting and negotiating with pharmaceutical manufacturers and wholesale companies, including the Sinopharm Group, CR Pharmaceutical Group Liaoning Branch, and Jointown Pharmaceutical Liaoning Branch. So far, the company has maintained a sufficient inventory of drugs and medical supplies, such as N95 masks, surgical masks, rubbing alcohol, and antiviral drugs, etc.
To meet the consumers’ surging demand for drugs and medical supplies, the company decided that all pharmacies will be open during the Chinese New Year holidays. Consumers can register as members and browse product inventory information on Boqi Zhengji Online Medical APP. The chain stores also provide members and employees with information and knowledge about epidemic prevention.
“As a consumer-centric health company, we strive to meet our consumers’ demand and mitigate the impact of the novel coronavirus,” said Mr. Tiewei Song, the Chief Executive Officer and President of BOQI International Medical Inc. “Through our supply chain and customer information management, we are contacting more pharmaceutical companies and preparing for the current epidemic and future outbreak risks. Meanwhile, we will further improve the emergency plan and provide our customers with high-quality, affordable products and services as much as we can. ”
This is sort of the inverse play on LK. No one is drinking fucking coffee in China — zero people. But everyone wants a face mask — believe me. Is the stock too high? I don’t think so. Fact is, this was a reverse merger and the company flew under the radar under its former name.
Is it a piece of shit? Absolutely. But even shit floats during pandemics.
Ciao.
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Adding to LK because I’ve never seen a better thesis or write-up since FTK. And once Muddy Buters closes the short, it’s back to coffee being underrated. Especially when they realize coffee is probably the cure for this virus anyway.
You’re the man Fly!
Thank you Lord Fly. One line in particular struck a chord.
“Is it a piece of shit? Absolutely. But even shit floats during pandemics”. Reminds me entirely of Eric Baker Bruce.
and you sir are an epic shit stain
Rolled my UVXY feb 20 calls out another month and bought some BIMI w the profits. I have my masks, my food prep, my gun and I am feelin extra comfy
TSLA not giving a shit about the virus. I assume it’s getting added to the SP500 soon?
Oops.
Don’t jinx it for me!
“Coronavirus Contains “HIV Insertions”, Stoking Fears Over Artificially Created Bioweapon ….The virus even responds to treatment by HIV medications.”
GILD popping after hours
Nice catch purdy.
Wasn’t able to trade today, but thanks for the nice fatty fish toss straight into the gullet post, Fly. Enjoy the weekend everyone
Raw and wriggly
I tweeted this to you but I’m not sure if you see my tweets. From @CDCgov It’s an interesting read in the NEJM about first US case, treatment and observation
https://www.nejm.org/doi/full/10.1056/NEJMoa2001191?query=featured_home
Thanks.