Been reading the news and think this is a great time to put a chunk of cash into toilet paper companies. Does anyone have good suggestions for oneâs that are available on FreeTrade? I think thereâll be a good short term boost from the coronavirus but I think also a good long term bet. Youâll always need toilet paper!
The main difference is most other threads are asking about which stocks to buy because theyâve dipped.
Toilet paper company stock, on the other hand⊠well, the time to buy wouldâve been last week or earlier. Trying to be reactive doesnât seem like the best strategy for long-term investing - youâll end up buying high and the seeing a dip after the market corrects for everyone rushing in.
(Obligatory clarification, this is not investment advice, only my opinion)
As Codf mentioned above Proctor & Gamble and Kimberly Clark are big manufactures of tissue and toilet paper. PG makes brands such as Bounty, Angel Soft and Scott whilst KC makes brands such as Kleenex. Both stocks are available on Freetarde
If you are looking for a UK based producer of toilet/tissue paper, then look at Accrol Group. But the company has run into financial problems in the past so just a word of caution.
Agree, Iâm not saying toilet paper companies are a a good opportunity or not now, my comment was more about why other threads with âopportunitiesâ because of coronavirus were OK, but this one suddenly became morally wrong, as the comment I responded to suggested.
:freetrade: Lockheed Martin
:freetrade: Boeing
:freetrade: Northrop Gumman
:freetrade: Raytheon
:freetrade: Chemring Group
:freetrade: Meggitt
:freetrade: Honeywell
:freetrade: G4S
:freetrade: iRobot
BAE Systems
Airbus
Rolls-Royce
Babcock International
Saab
I donât see the opportunity here - there is no âuse byâ date on toilet paper.
So if people stock pile it today, they will just end up buying none / less in a few weeks time once the panic buying stops.
Maybe in the end weâll get a new cryptocurrency that will solve all our troubles. Itâs been 12 years since Bitcoin and I need a reason to buy a new GPU.
This is most likely a bad idea. COVID-19 is been over-hyped by the media and people would have to buy A LOT of toilet paper to make a difference to the stock price. And if it gets that serious, we wonât be thinking about our portfolios but instead our survival.
I think youâve figured out why itâs specifically toilet paper that people are buying there. When the panic blows over thereâs no negative consequence to having the stockpile. You havenât wasted money on food that you canât eat before it expires, you just donât need to buy any more of it for a while.
Anticipating self-isolating for two weeks and being worried they wonât have enough for all the family for all that time, especially if (as is apparently the case) they donât keep an extra multipack of rolls as a matter of course. That would be my guess.
And also the people who see all the toilet rolls going and think theyâd better stock up as well just in case, even though they donât need it. Damn fools.