Why the future of cinemas may be brighter than it looks
The first rule of investing is “buy low, sell high.” Right now, few businesses are hitting lower lows than the movie theater industry, which could make it a great time to acquire a distressed asset ahead of a turnaround. That’s been true for the duration of the pandemic, and it’s still true now even as light can be dimly glimpsed at the end of the tunnel. The question is, is there an upside given the uncertain state of the entire film industry, and if so, for what kind of buyer? These…
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