Originally Posted by
Blue Skies
I hate to be a kill joy but.
Countries around the world and States in the US are reporting record numbers of Covid cases and in Europe (e.g. Italy) third wave of cases. Hospitals in the US & UK are overloaded with Covid cases.
The vaccine when available requires 2 doses, may only protect for 1 year & need to be kept at minus 75C presenting colossal logistical challenges delivering it (without it's efficacy being destroyed) to populations across countries. Initially NZ is supposedly getting 1.5 M doses which is only enough for 750,000 people in a population of 5 Million.
How challenging to effectively vaccinate say 70% of a population of 68 Million in the UK with 2 doses with a vaccine which may only last 1 year? The reality is mind boggling.
So if the current SP drop is a knee jerk reaction to the announcement of an effective vaccine (miraculously wiping out Covid around the globe,) then I think it's based more of short sighted sentiment than reality.
Furthermore, the lasting damage to lungs in many of the severe patients presents a whole new group of people with chronic respiratory ailments.
IMHO FPH will probably announce a record profit shortly, followed by another record profit the following year & the year after that & ....