$ECHOIQ LTD(EIQ.AU)$ As per the text... At least this is my little hope...
Not going to add to what I have already mentioned in the past two weeks on this company. The common theme in today's sharing is simply one message: insurance.
This company might not look like it. It is not a gold or precious metals biz, it is also not a bond like investment. Property or farmland then? Nah... Not even a crypto related biz. However in times of correction, it is companies like this that would likely continue to hold up well. Maybe prosper... There might be initial correction when traders throw anything profitable to cover their losses. But, strong companies would hold on their own.
Yes, this is not even a blue chip. I won't misled, but with the progression of its FDA approval to come, it might not be long for it to be explosive growing firm...
Healthcare, in this case, heart related ailments, no matter how the economy turns, life would still need to be saved. Healthcare is one of those resilient, recession proof industries. I will keep this growing star ✨ as one of my downturn insurance keepsake. If its pending FDA gets the nod as expected, the promise of its growth trajectory more than makes up for the correction risk awaits the market as a whole.
I might appear as a fool come next year when this company failed to live up to my expectation, however the excitement of the journey is worth the wait.
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