RE: Legit scared now - LF Rational minds to work this out28 Aug 2022 18:21
Agree on the last post.
Here’s the food for thought, the 2 biggest shorters say, cinema business is dead, sure it is, not.
Cineplex revenues rose 400%, a canadian company, with a population of 38m.
Dead as petrol and oil. Aramco, made profits of £38bn a quarter. That is how dead the business is.
Next they will writing electric business is going ou of business, due to solar cars.
In ten years, many businesses which we may consider have reached their peaks, will have DIVERSIFIED into other areas, perhaps even buying up stakes in Netflix and other m]new media’s, that is what compnaies do. CINE, PLEX and other will use their profits to do exactly that, to keep growing, Tesla and Apple are a great example, diversifying into different areas.
Right now, we are coming out of covid, and hollywood movie industry was as affected, and we are on the verge on coming over this period in 2022. The young generation is the fastest growing generation and they love movies and entertainment.
Populations will continue to grow....not decline.