Short Position - Covid-19 impact on business

The rubber glove theme is waning but vaccine-related businesses seem to now draw significant investor interest, irrespective of the fact that creating a vaccine is a long, complex and expensive endeavour.

Covid-19 impact on business

A STANDING joke among listed company officials these days is to say in jest their company is getting involved in some kind of Covid-19 related business. It doesn’t matter how serious, big or small the venture is, what’s important is making that announcement will likely lead to a surge in the said company’s share price.

The play apparently, cannot work with facemask-related businesses any more, considering the glut that is increasingly becoming visible to everyone, and the cheaper prices and stacks of boxes being sold everywhere. The rubber glove theme is similarly waning but vaccine-related businesses seem to now draw significant investor interest, irrespective of the fact that creating a vaccine is a long, complex and expensive endeavour.