Evergrande stock soars as others feel the crunch
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Biz Coach, Super Joe Pardo reacts to another construction company in China missing a bond payment showing that Evergrande is not the only one feeling the crunch.
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Check out the original articles:
https://www.cnbc.com/2021/10/05/china-property-default-risk-for-fantasia-sinic-amid-evergrande-crisis.html
https://www.fool.com/investing/2021/10/04/why-china-evergrande-group-stock-just-jumped-13/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
4 Comments
All of this developers deserve to default. They need to learn that they cant borrow money without consequences
What they deserve and what will have catastrophic consequences for the rest of the China economy and ultimately the world are 2 different things. Which is why I believe the people who enabled this level of borrowing should be not able to golden parachute out, while the company’s debt to the “little guy” needs to be handled by someone in order to keep them from defaulting.
Stocks are still suspended its 3rd day without ability to sell stocks
Strange that Motley didn’t say that. I’ll be looking for updates this morning for my 10 am edt live stream. I appreciate the update!