If another fast food burger chain ends up outcompeting McDonald's $MCD, McDonald's can turn all of their properties into ghost kitchens and use their location and property ownership advantage to capitalize on the growing demand for food delivery services.

If Intel $INTC ends up losing its edge as the provider of being the provider of "value" chips for laptops, it can sell its fabless chip business to another firm and dedicate itself to becoming a pure chip foundry business like TSMC.

If EV startups like $RIVN $LCID $FSR etc. start being wildly more successful than legacy automakers, legacy automakers can stop being in the business of developing newer vehicles and instead use its factories to become a manufacturer of those EV startups. $GM $F and $STLA would essentially act as the pure manufacturers of the auto industry and EV startups will act as the designers of the auto industry.

*Side note: Foxconn is hoping to become the main manufacturing partner of the EV industry. They're already the main manufacturing partner of the electronics industry.

If fintechs start becoming the main places where people do banking, traditional banks can act as the liquidity providers of those fintech platforms.

If demand for fossil fuels goes to zero, midstream companies can use their pipelines to transport biofuels, hydrogen, and other green energy fuels.

If demand for alcohol goes to zero, breweries can be repurposed to create other beverages and foods.

If demand for cigarettes goes to zero, cigarette factories can be repurposed to produce cannabis joints, pharmaceuticals & other healthcare-related products, foods, and other consumer packaged goods.

This is a running list of ideas that I've thought of for how the assets of many big companies can be repurposed for productive purposes. If you have more ideas, I'm happy to hear them (please comment them below). Hopefully you'll look back at this memo as some of your top stock picks gets challenged by shifts in the economy, consumer preferences, etc.