the market response can make sense based upon economics if you consider that numerous businesses going bankrupt during the pandemic leaves the market demand to be serviced by the surviving companies. Essentially the supply demand curve has shifted significantly. I can see why someone would buy stock in a surviving company when they will shortly have substantially more customers with their existing cost structure hence profit will rise and stockholders will benefit.
0 ( +0 / -0 )
Posted in: Police officer arrested for assaulting wife