Someone explain this to me.
I guess I'm confused by the assets and liabilities part. I'm assuming they are still part of the deal. Like buying your parent's house for a dollar type of deal. You still get the house and all the problems.HSBC bought the UK arm of SVB only.
The acquisition – which cost HSBC £1 – followed overnight talks between Downing Street, the Bank of England and HSBC bosses including the chief executive, Noel Quinn, as authorities rushed to protect the finances of SVB UK’s 3,500 customers. Those customers included venture capital investors and hundreds of tech startups that feared they would go bust if their deposits were wiped out.
(No FDIC parachuting in to secure depositors here in the UK)
My personal opinion is War stocks are still highly overpriced. That being said, look at this:What are some good Defense ETFs to look into?
What's the best war stock one year into a High-Intensity European conflict? Go back in time, buy Raytheon/Lockheed or just wait for better pricesMy personal opinion is War stocks are still highly overpriced. That being said, look at this:
3 Defense ETFs for 2023
XAR offers the lowest fees, PPA has the best return, and ITA is the most liquid.www.investopedia.com
Raytheon makes missiles but its currently running a PE over 27. The boat for defense stocks sorta left a while ago.What's the best war stock one year into a High-Intensity European conflict? Go back in time, buy Raytheon/Lockheed or just wait for better prices
Yes, exactly. The Boat left when Ukraine war kicked off. Outside of WWIII, defense needs to cool TF out to normal levelsRaytheon makes missiles but its currently running a PE over 27. The boat for defense stocks sorta left a while ago.
I am a big fan of the MIC stocks normally. I sold my RTX, LMT, NOC for some pretty good change. Havent had an opportunity to jump back in them.Yes, exactly. The Boat left when Ukraine war kicked off. Outside of WWIII, defense needs to cool TF out to normal levels
I am as well huge fan of MIC, especially when we're Free-Market killing communists as we are in Ukraine.I am a big fan of the MIC stocks normally. I sold my RTX, LMT, NOC for some pretty good change. Havent had an opportunity to jump back in them.