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Non-Tech : Companies that BENEFIT from a recession
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To: zebraspot who wrote (15)6/7/2006 10:17:25 PM
From: Sid Turtlman  Read Replies (1) of 34
 
Sorry for the delay. I think PRGO will work out well. I won't get involved, however, because much of its growth now comes from generic drugs. That can be a terrific business, but it is very binary and unpredictable to an outsider, since it depends on a few huge deals with big pharmas, and FDA approvals, none of which I am any good at predicting.

Meanwhile, the Fed's recent tough talk on interest rates suggests that once again it may be increasing them too much, too late in an economic cycle, setting the stage for a recession. Should that happen, then they'll slash rates again, causing gold to take off, among other things.
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