Is The Show Over For Movie Theatres?

www.investing.com/analysis/is-the-show-over-for-movie-theatres-200541060

By Tim Knight | Oct 14, 2020 04:09PM ET

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When I look around, all I see are closed businesses, 'For Lease' signs, and – in spite of the multi-trillion dollar politically-driven prop-up – apocalypse on the horizon. The moment Nov. 3 is behind us, all this “help” is going to disappear.

Early in September, I did a post about the grim state of movie theatres, in which I stated, “Every time I see a multiplex and its utterly empty parking lot, I marvel at the fact that cinema companies have rebounded so much. Zero revenue, to my mind, isn’t a great business model.“

In the short time since then, the first stock I showed, AMC Entertainment Holdings Inc (NYSE:AMC), has lost more than half its value, and the company is contemplating bankruptcy.

AMC Entertainment Holdings Chart.

Here are some other stocks in this doomed industry Imax (NYSE:IMAX), Cinemark (NYSE:CNK) and Marcus Corporation (NYSE:MCS)

Cinemark Holdings Chart.

IMAX Corp Chart.

Marcus Corp Chart.

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Comments (3)

Brian Hill Oct 15, 2020 12:40AM ET

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thats like saying, " why would u goto Starbucks, u can make coffee at home?"

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Brian Hill Oct 15, 2020 12:39AM ET

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thats like saying, " why would u goto Starbucks, u can make coffee at home?" or why go out to dinner, I can order in

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Bubba Born Oct 14, 2020 6:05PM ET

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During the Great Depression it was alcohol and entertainment that kept peoples' minds off of how bad things were. Now the people are more health conscious and there is the Internet. The means of delivery is the only thing that has changed.

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Is The Show Over For Movie Theatres?

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