a.) Dilution. Caused by Cap Raise. Check out the 2020 Company Announcements.
b.) Change in market sentiment due to Covid and Streaming. Will movies survive?
Disc - Don't hold. GLH.
No, I mean well before covid; 2015-mid 2018. Stock popped from 2018-mid 2019 before crashing which was due to lowering guidance. They posted strong growth numbers from 2015-2017 but the stock barely moved.
a littile bit of global domination and some fund got into them in a big big way and pushed things around and then they bailed so high volatility over the last couple of years or so and only half of that was covid but is a big hit to the cinema industry no on can deny.
I've managed to get break even now. Am reconsidering if this could be the death knell of cinemas.
Buying opportunity today? Big drop on very low volume and seemingly no news, perhaps Sydney covid scare or just a victim of the wider pullback in tech on the NASDAQ.
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