In this photo taken Thursday, May 7, 2020 brewery daughter Iris Detter pours a beer outside her 120 year old family brewery and traditional Bavarian restaurant in Altoetting, Germany. The 'Graminger Weissbraeu' brewery, which has been in the same family for a century, is preparing to welcome guests back to its restaurant for the first time in two months — with new rules and fears for the future. (AP Photo/Matthias Schrader)
ALTOETTING, Germany (AP) — The Graminger Weissbraeu brewery, which has been in the same family for a century, is preparing to welcome guests back to its restaurant for the first time in two months — with new rules and fears for the future.
Bavaria, one of the last German states to start reopening the hospitality sector as the country gradually eases its coronavirus restrictions, is letting restaurants serve guests outside starting Monday and inside a week later.
Birgit Detter is one of three sisters who run the business just outside Altoetting, a popular tourist and Catholic pilgrimage site east of Munich, together with their parents.
During the coronavirus lockdown, the Weisses Braeuhaus restaurant started offering takeout food and the brewery was able to sell some beer to shops, but “overall it's nowhere near enough,” Detter says. The brewery produces 200,000 liters (52,800 gallons) of beer per year, but is suffering from the restaurant closure and the cancellation of a local festival in June.
It’s a relief to reopen the beer garden and then the restaurant for guests, but the new social distancing conditions are “very difficult,” she says.
“I am afraid that in the long term it won't work, because the revenue just isn't there — I think the guests will come, but significantly fewer than before,” she said.
Among the conditions imposed by state authorities, tables have to be 1.5 meters (5 feet) apart — reducing the number of guests — and servers have to wear face masks, a difficult requirement for hours on end in warm weather.
“The danger will be that we have significantly less revenue but need more employees to fulfil all the conditions, and of course it would be difficult then to keep it up for long,” Detter says.
Follow AP pandemic coverage at http://apnews.com/VirusOutbreak and h ttps://apnews.com/UnderstandingtheOutbreak
10 Oversold Stocks That Are Ready For a Comeback
A fundamental concept of investing is to buy stocks at a value. One strategy used by investors is to focus on stocks that are oversold. Fundamental analysis can give investors an idea of certain stocks to look at. However, momentum is also important. For that reason, investors look for technical indicators to help them find oversold stocks that might be ready for a comeback.
One of the most popular tools is the Relative Strength Index (RSI). The RSI is a momentum indicator that measures the velocity and magnitude of price movements. The index also compares them with the magnitude of average gains and average losses.
The formula for calculating RSI is as follows:
RSI = 100 - ( 100 / 1 + RS)
Where RS (Relative Strength) is the average gain divided by the average loss.
Investors can use virtually any timeframe they wish. One of the most common is a 14-day RSI. Decreasing the number of days makes the RSI more sensitive to price changes. Conversely increasing the number of days makes the indicator less sensitive to price changes.
Investors may have different overbought or oversold indicators, but standard benchmarks are a stock may be overbought if its RSI exceeds 70 and may be oversold if its RSI exceeds 30.
The stocks in this presentation are chosen for a variety of fundamental and technical indicators. And all the stocks have been affected in one form or another by the Covid-19 pandemic.
View the "10 Oversold Stocks That Are Ready For a Comeback".