Is The Show Over For Movie Theatres?
Tim Knight | Oct 14, 2020 04:09PM ET
When I look around, all I see are closed businesses, 'For Lease' signs, and – in spite of the multi-trillion dollar politically-driven prop-up – apocalypse on the horizon. The moment Nov. 3 is behind us, all this “help” is going to disappear.
Early in September, I did a post about the grim state of movie theatres, in which I stated, “Every time I see a multiplex and its utterly empty parking lot, I marvel at the fact that cinema companies have rebounded so much. Zero revenue, to my mind, isn’t a great business model.“
In the short time since then, the first stock I showed, AMC Entertainment Holdings Inc (NYSE:AMC), has lost more than half its value, and the company is contemplating bankruptcy.
Here are some other stocks in this doomed industry Imax (NYSE:IMAX), Cinemark (NYSE:CNK) and Marcus Corporation (NYSE:MCS)
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