Cinemark holdings2 Apr 2023 15:57
Just saw that the last 3 months cinemark holdings are up over 70%.
They currently have just under 520 theatres and obverse 5800 screen so not a small outlet by any means.
Clearly still struggling with covid s.p wise , pre pandemic around 30 dollars, mid pandemic around 24 dollars , prob around the same time we had a nice rise ourselves , and since then the s.p dropped to as low as 8 dollars while the effects took its toll.
Now currently trading around the 14 dollar mark after a nice surge last few months.
The point isn't to ramp another stock no no no, I still believe 100% there will always be a appetite for movies on date night , before drinks , after a meal and to watch the latest block buster as and when they are released, and still a affordable option compared to other activities.
But it also shows we really need to get our house in order , get it in order the company can hopefully move forward. I have never doubted that , at what price it will be to us shareholders is the huge question for me , its that simple.
The company continue to remind us its unlikley , if we like to read it as a short or read with squinted eyes as a shareholder that the future is far from guaranteed to be golden.
Next few months are pivotal for us all , some better prepared then others in my opinion.