RE: Bank Of America Discloses 6.523% Stake In Cineworld As Of March 25 – Filing30 Mar 2021 19:38
They will have been accumulating and probably why the price rose to 120. Has dropped since with a chunk of profit taking. I see the institutions getting in as an enormously positive sign. There will be bumps but trajectory is definitely steadily upwards to 200 and beyond. The perfect captive audience for cinemas - can't go abroad, ton of new releases, people fed up of staying at home. On those wet and cold days we call our summer - cinemas will be in demand. The money made from drinks, snacks and tickets turns a profit at 25% of capacity so even with some reduced numbers for distancing - cinema chains are in for a bumper period. every investment has a risk, so invest only what you can afford to lose but you've got to be invested to get a slice of the profits. ATB