Blog: Will ASP for Gloves Drop Sooner than Later?

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6 comment(s). Last comment by liewtz06 2020-06-25 01:04

greedy44444

2,497 posts

Posted by greedy44444 > 2020-06-24 10:52 | Report Abuse

People wear glove everyday to protect themselves ?? Covid19 going to end soon, the valuations for glove stocks would definitely reverse it course on the way down, no doubt about it. The next uptrend circle is definitely belongs to O&G stocks, i will definitely place my bet on O&G rather than glove stocks.

CCCL

621 posts

Posted by CCCL > 2020-06-24 10:52 | Report Abuse

https://finance.yahoo.com/video/3m-total-sales-drop-20-135123921.html?.tsrc=applewf&guccounter=1

CCCL

621 posts

Posted by CCCL > 2020-06-24 10:52 | Report Abuse

Peak to normalize.

schadenfreude

60 posts

Posted by schadenfreude > 2020-06-24 11:07 |

Post removed.Why?

throx

41 posts

Posted by throx > 2020-06-24 13:54 | Report Abuse

I believe the ASP of gloves will stabilize (stop going up) by 3rd quarter 2020 and remain at that level until a vaccine is found and widely distributed.

liewtz06

356 posts

Posted by liewtz06 > 2020-06-25 01:04 | Report Abuse

CCCL, 3M business is extremely diverse, total sales drop by 20% does not mean N95 mask sales is not growing. And N95 masks market is considerably smaller/ negligible to that of gloves.

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