China’s over-the-top COVID lockdowns are setting up a surprising “all-American” dividend opportunity for us contrarians.
The pushback, which President Xi (shockingly) didn’t see coming, has shuttered plants left and right. Last Monday alone, Honda, Yamaha and Volkswagen closed factories in China, as did Nissan, Mazda and Mitsubishi.
And Apple (AAPL) has likely lost out on six million high-margin iPhone 14 Pros as protests shut down a factory in Zhengzhou run by key supplier Foxconn. The stock responded instantly:
Apple: Still a Little Too Multinational for Wall Street
How, you may wonder, is all this bad news setting up a dividend opportunity for us?… Read more