Sotheby's (NYSE:BID)
CAPS Rating:
The Company through its Subsidiary engages in art auction, private sales and art-related financing activities.
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The Company through its Subsidiary engages in art auction, private sales and art-related financing activities.
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This is the rich man's pawn shop. It should do well in a recession. The stock has been hammered by short selling and is yielding 6.8% with plenty of coverage. It is an $8.80 stock with $5.58 per share of cash.