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Making Money during Corona Virus Outbreak
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DRR / Crew
Picture of DragRaceResults
posted
In all seriousness, like with any illness I hope for the best for people who it does affect their health.

But that being said, I spoke with one of our advertisers yesterday who I'll leave name out of it, but will possibly profit from this outbreak.

You see they do quite a bit of business with a company who has products manufactured in China. Now they are expecting a large void in production due to this outbreak over there and the shut down of products.

This company asked our advertiser if they would be able to ramp up and handle the additional work!!! Yeah!

As a company you always look for issues to happen with your competitors that will allow you to grab market share of business. This will probably be one. Maybe they will be able to retain some of this additional business in the future.

Makes me wonder if we will see more of this also.
 
Posts: 2076 | Location: Gallatin, TN - U.S.A. | Registered: October 12, 2009Reply With QuoteReport This Post
DRR Pro
Picture of CURTIS REED
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How quickly can you start pouring castings for cranks and rods. I expect the street race crowd to run out of Eagle stuff pretty quick. LOL



____________________________
2017 and 2018 Osage Casinos Tulsa Raceway Park No-Box Champion

2018 Div4 Goodguys Hammer award winner
 
Posts: 2885 | Location: KIEFER, OK. | Registered: August 17, 2007Reply With QuoteReport This Post
DRR S/Pro
Picture of "The Bender"
posted Hide Post
For my auto repair business, parts availability will be the issue...….

I have noticed a downturn in phone calls and some missed appointments today, probably going to continue for awhile....


272" Spitzer
540 Chevy
The Blower Shop XR1
FTI XPM Series Converter
FTI Level 6 Powerglide
3.69@199
.916 60'

2017 Bradenton Heads Up Madness
Open Outlaw Champ

2018 PDRA T/D #5
2019 PDRA T/D #2

2020 Retired From T/D Competition....

2020 Bradenton NMCA Hemi Shootout Winner

2021 getting back into bracket racing with a Gen3 Hemi powered 87 Cutlass.
 
Posts: 3088 | Location: Yes | Registered: July 08, 2009Reply With QuoteReport This Post
DRR Elite
Picture of Bill Koski
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Anybody buying stock these days?
I bought a bunch of Ford stock yesterday, I expect it could go even lower but at the price now the dividend amounts to over 11%.
The problem is if it stays there very long they may suspend the dividend.


TAKE IT TO THE BANK!!!!!
Later, Bill Koski
 
Posts: 10995 | Location: LAS VEGAS. NEVADA, US of A | Registered: December 03, 1999Reply With QuoteReport This Post
DRR Top Comp
Picture of wideopen231
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A friends wife works at local company called LabCorp and he said she just bought a butt load more stock. Since I am not buying any I guess its not insider trading if anyone here does. By the way if I don't buy then its sure fire bet to make money.LOL

This message has been edited. Last edited by: wideopen231,




America home of free. Brought to you by 2nd amendment.
 
Posts: 4132 | Location: Greensboro NC | Registered: May 24, 2011Reply With QuoteReport This Post
DRR Sportsman
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I bought Chevron and Exxon.I sold Ford at $9.50 a few weeks back as I expect them to eventually file bankruptcy.
 
Posts: 1167 | Location: Elgin,IL | Registered: February 08, 2010Reply With QuoteReport This Post
DRR Top Comp
Picture of wideopen231
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Labcorp is also one of the ones named in few news stories on coronavirus either the test kits or cure not sure but either one will make it climb. Just food for thought.




America home of free. Brought to you by 2nd amendment.
 
Posts: 4132 | Location: Greensboro NC | Registered: May 24, 2011Reply With QuoteReport This Post



DRR Sportsman
Picture of Freddie
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We stopped buying stocks a few years ago, doing property now. I am willing to bet the housing market will make a shift from a sellers market to a buyers market over the next few weeks. We are set to buy a few more properties to turn into rentals.
 
Posts: 685 | Location: Anderson SC. | Registered: July 10, 2005Reply With QuoteReport This Post
DRR Top Comp
Picture of wideopen231
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I think the housing market will be sellers market for a while here anyway. Realtors are telling us they still have hard time finding houses for those wanting to buy.If a house goes up for sale that's a mid range home it normally sales in 2 to 3 weeks tops and some sale same week.

Not saying its ever bad idea.




America home of free. Brought to you by 2nd amendment.
 
Posts: 4132 | Location: Greensboro NC | Registered: May 24, 2011Reply With QuoteReport This Post
DRR Pro
Picture of Eman
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Posts: 1443 | Location: E TN | Registered: February 13, 2009Reply With QuoteReport This Post
DRR Elite
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Not spending as much money on fuel now. Gas prices were as low yesterday as I have seen in a very long time.


Foxtrot Juliet Bravo
 
Posts: 6319 | Location: Illinois | Registered: July 08, 2004Reply With QuoteReport This Post
DRR Pro
Picture of head gamez
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I buy into the market every two weeks in three accounts regardless of the noise. “Stay the course.... nobody knows nothin’”

Of course, I am mid 30’s. My asset allocation would be much different if I were older.


Mikey
 
Posts: 1706 | Location: In a Marriott near you! | Registered: February 10, 2006Reply With QuoteReport This Post
DRR Pro
Picture of Eman
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quote:
Originally posted by Eman:
https://www.marketwatch.com/st...c-service-2020-03-14
Here's a real entrepreneur.


https://www.usatoday.com/story...today-newstopstories

Well I guess it didn't work out as planned.
 
Posts: 1443 | Location: E TN | Registered: February 13, 2009Reply With QuoteReport This Post
DRR Sportsman
posted Hide Post
quote:
Originally posted by Bucky:
Not spending as much money on fuel now. Gas prices were as low yesterday as I have seen in a very long time.


Same here but diesel hasn't moved. $1.00 difference between diesel and gasoline price (87 octane).
 
Posts: 540 | Location: central Ar | Registered: June 21, 2002Reply With QuoteReport This Post



DRR Top Comp
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Diesel $2.21 here in town. $2.89 up on I-85 at the truck stops.
 
Posts: 6164 | Location: everywhere | Registered: March 15, 2007Reply With QuoteReport This Post
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