RE: Shorts27 Feb 2020 19:36
"So what do they know that we haven’t seen?"
No clue! We know the shorts have nothing to do with Corona as they existed before. But I think the sp fall is related. Does the industry think more people will stay at home? Actors to stay at home? No props for film production? Film production to shut down? The general decline of the market? Who knows. This is all a farce btw. It's just a flu! But market sentiment isn't great especially with "a Pandemic" floating around here and there.
With regards to the fundamentals, I'm not sure everyone agrees with the Greidinger(?) family. They own a large share of CINE. Funded through a private family business. It's a bit convoluted and that's the only thing I can think of. Right now this is hurting their bottom line. Might they take it private??!!!?? Crazy to think though but is it a possibility?
Also, anyone who still mentions Netflix is a competitor is just lying to themselves. That Stock is shorted almost 20% of it's value.