As Bad as Rout Is, Most Investors See Recession as a Long Shot [Yahoo! Finance News]
Fortress Biotech, Inc. (FBIO)
Last fortress biotech, inc. earnings: 11/12 07:30 am
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Source: Yahoo! Finance News
) -- When $7 trillion is erased from stocks in 2 1/2 weeks, it’s safe to say investors are pricing in a lot of economic pain. One thing most of them are not yet bracing for, however, is a recession. The view, drawn from a survey published by a Wall Street research firm on Friday, may sound fanciful, given the spread of the coronavirus and its rising threat to the global economy. But it’s not grossly out of line with price action so far in the , which has fallen roughly as much as it did in its last six corrections. None of those episodes portended an economic contraction. Read More: The U.S. May Already Be in a Recession As harrowing as this sell-off has been, by almost any measure except velocity it remains a pipsqueak compared with the battering investors took at the end of 2018. In that episode, the plunged almost 19% while price-earnings ratios, the market’s main measure of sentiment, compressed to 16 times annual earnings. They’re a lot higher than that now at 19.3. “The market’
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FBIO
News
- Fortress Biotech to Participate in October 2024 Investor ConferencesGlobeNewswire
- Fortress Biotech Announces Pricing of $8 Million Registered Direct Offering and Concurrent Private PlacementsGlobeNewswire
- Fortress Biotech to Present at the H.C. Wainwright 26th Annual Global Investment ConferenceGlobeNewswire
FBIO
Earnings
- 8/13/24 - Beat
FBIO
Sec Filings
- 11/4/24 - Form 8-K
- 10/25/24 - Form 424B3
- 10/25/24 - Form SC
- FBIO's page on the SEC website