RE: A bit of perspective25 Nov 2020 17:47
We've got to remind ourselves and be a little realistic that our cinemas ARE closed at the moment, we're currently in lockdown, vaccines haven't started being implemented yet and the whole world is still very much in the middle of a pandemic. I know share values are future projected but there is still a lot of uncertainly out there in the real world at the moment. All the latest funding news meant is we can now see the light at the end of the tunnel and most importantly we now have enough survival resources to get there. However no one said the path to get there would be obstacle free.
When people finally feel safe they’ll be out in their numbers celebrating and the whole hospitality industry will boom. Pubs, restaurants, cafes, cinemas you name it will all be packed. Speaking to friends and colleagues, they all say the same thing, everybody is sick to death of doing the same old monotonous routine every night, stuck in watching Netflix. It’s in our human nature to be out of our homes and doing social things (unlike ShorterGuy who no doubt rarely sees sunlight or actual people). Yes the economy is f**ked but just like previous recessions, people will always find money to go out and do social things. Most importantly this initial boom will then hopefully kickstart the economy.
Until then I will keep buying the dips and see each one as a golden opportunity - more the merrier until the world has some semblance of being back to normal. Patience is all that is required, Cineworld’s time will come.