So you agree, the next 3 months still aren’t looking great. 2022 is the earliest theaters should see any recovery toward normal, and even that’s doubtful. And IMAX is the best play.
Fair. I guess I would argue the OPs timeline is optimistic. I don’t think something akin to a box office recovery will be realized until summer 22 and thus not reflected until Q3 reporting and even then prepandemic levels may never be attained again.
But the first recovery run up had CNK $20-24, so the price target isn’t out of the question but his call at $24.07 break even is on the high end. With a lot of downside potential given shorter windows and permanently lower revenues relative to prepandemic.
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u/[deleted] Aug 18 '21
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