As a long term holder of Cinemark, I can’t believe theater stocks, omitting AMC for hopefully obvious reasons, are not on track to quicker recovery to the respective pre-pandemic highs.
In the current stock market what do you want? Well if you’re like me in your 20s you’re probably looking to make above average returns by investing in higher risk stocks I.e. pre-dividend& growth stocks >500MM.
So why are people not swallowing up theater stocks like IMAX and Cinemark who ARE RAISING OR MAINTAINING FULL YEAR GUIDANCE. People love AMC but fail to realize they can choose the competition and get the best of both worlds money and investing in something they understand; that is movies.
That is literally all your company needs to do in this market to not get creamed. Maintain or raise guidance. If they’re doing this: You are still right.
Curious when people will learn and reach beyond the meme. Bless ‘em.
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