Would seem like a prime time to buy vertical integrations or a merger that increases assets without adding significant costs (like the mt/pbct acquisition)
Sure. I think that activity is still available, but buying public companies now means paying a steep price most likely.
What I was getting at was the uncertainty. Is a restaurant or retail chain is going to build new stores right now? They may have just shut some. Are new malls going to be built? New hotels? Office space? Maybe in the burbs. If you are in construction of those kinds of places, are you buying a bunch of Kubota or Deere heavy equipment right now? Are airlines buying more planes? Car rental places buying new cars? These are guesses, I haven't done the research.
So there are piles of cash that are just sitting there. A lot of money was invested in tech to support work from home, new app based retail etc. But that's mostly done, and now they just wait.
It's really pretty wild. Today I bought PEP and NXRT. I am looking for ways to invest in growth in suburbs and small cities in the sunbelt. Lowes is on my radar. But I'm considering banks in Florida too.