03-08-2021, 01:42 PM
(03-08-2021, 01:15 PM)fenders53 Wrote: Somebody explain the re-opening stocks to me. Massive balance sheet damage, dividend eliminated, hoping to make five year ago level profits in 2022. Stocks approaching the top of their pre-Covid range when things weren't all that great for most of them pre-Covid anyway. There are numerous examples and SIX would be one of them. What am I missing?
If the price is close to pre-covid range.
Then I think the play is: everyone is bored and has tons of money. (this part is well supported by the actual numbers)
They will spend it as soon as they get a chance to and buy tons of experiences. So cruises, zoos, disney parks, your six flags, restaurants etc.
It's not a long term play, but rather a "earnings will be crazy for a Q or two" play. Or at least that is my view.