Really shows how bad this is hitting. When a company like that has liquidity concerns it indicates that we will likely have a lot of bankruptcies in the hospitality and leisure space.
Really shows how bad this is hitting. When a company like that has liquidity concerns it indicates that we will likely have a lot of bankruptcies in the hospitality and leisure space.
90% decrease in profit will do that to a company. Combine that with the fact they aren't likely to open their parks until January 2021 and it compounds the problem....
1994 Ranger 492VS
2004 Optimax 225 - 0T920364
6" Hydro Dynamics Manual Jack Plate
24p Fury 4
24v 47" Lowrance Ghost / Lowrance HDS
Makes me want to do some selling instead of holding long on some of the lotto plays I'm in like PLAY, CCL, MITT, etc.
I sold my CCL at a very minimal 100 gain, bought 200 shares and got scared to hold it...
A lot is going to depend on what happens when we reopen. All eyes are on Disney Shanghai. When the cruises start sailing again it will be telling without a vaccine. If we get another quarantine on a ship it could really hurt them. Not much clarity or certainty right now.
Played MGM this week. Big jump on opening of vegas... I’m out on the run up, but one has to think how the hell do all these people buying think that vegas is gonna be busy with the lack of resources in the travel world....
Yeah I don't get that either. I mean it will recover at some point but do I want to own the stock right now if the return to normal is maybe 2 years away? People seem to be pricing in the best possible outcome, which could happen but I'm not as confident. I can't see people wearing masks in Casinos either. They can't smoke or drink with the masks on (if they still permit smoking in Vegas casinos. I haven't been there in awhile). And then if they require social distancing then you may have someone playin at every other slot machine, sitting in every other chair at the table etc. And then there will be the increased cost of having to sanitize everything each day and providing staff with the requisite protective equipment.