Yes, Rolls is a bit of a worry
Cineworld still not out of the woods. I just think it's a better business model than the shorters seem to. Very shrewd lad at the helm.
Are you concerned about the CW's debt?
Stock Market 2020
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Are you concerned about the CW's debt?
andyoz
pfm Member
Not really. Plenty of other companies in debt to their eyeballs but at least with CW I can see they will be able to service it. It appears to be the new normal and the cost of servicing that debt isn't likely to skyrocket anytime soon.
All the talk about streaming being the death of cinema is overblown. Hollywood needs the cinema part of distribution to stay alive. It's why stuff like this is happening...Hollywood will buy cinema stocks even if others buyers are spooked.
https://www.fool.com/investing/2020/08/07/movie-theater-operators-rise-on-court-ruling-that.aspx
It's a volatile stock but that's exactly what I'm into ATM. I just don't think many shorters realise the power cinema operators have over their landlords. I can see their rents dropping in the future and that's one of cinemas biggest costs. It's not like a landlord has a queue of high street shops ready to move into the cinema shell (which costs a bomb to dismantle).
andyoz
pfm Member
Cineworld off to the races now. The third most Shorted stock a matter of weeks ago?
I could never understand that...there were much better targets for that risky business...the business had solid funding to last 12 months even if the cinemas didn't open!
If streaming was to be the death of cinema then why did Netflix want to buy one of the bigger cinema chains?
https://www.thisismoney.co.uk/money...tflix-looked-bid-buy-2-4bn-Regal-Cinemas.html
I could never understand that...there were much better targets for that risky business...the business had solid funding to last 12 months even if the cinemas didn't open!
If streaming was to be the death of cinema then why did Netflix want to buy one of the bigger cinema chains?
https://www.thisismoney.co.uk/money...tflix-looked-bid-buy-2-4bn-Regal-Cinemas.html
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Wilson
SCTV half wit
Nice one.
Rana
pfm Member
I get the feeling of a major correction in the US markets within next 5 weeks, the disconnect between Main St real economy and Wall St markets is getting unsustainable. I'm guessing Nasdaq down below 9500 and S&P500 down below 2800. Impact on RoW depends on which markets have followed a similar sky-rocketing trend. I'm still mostly in cash. Situation is still not investible to me, even though some UK companies dipped into my long term "buy zone" last week. Euro & GBP are both up versus USD and have been looking at specific Canadian gold mining companies as a potential investment in case the money printing frenzy takes its toll on the dollar.
andyoz
pfm Member
Definitely need to at least be taking some profits as you go. I've been chipping away since March. Now sold 50% of my gold and 65% of Silver (for now) and have been taking 10 to 20% profits on other stuff since March.
Can then get more 'risky' with some of those profits...like I did buying WTE Westmount Energy as suggested by someone last week on whim...
Can then get more 'risky' with some of those profits...like I did buying WTE Westmount Energy as suggested by someone last week on whim...
Rana
pfm Member
Ted Baumann on Youtube makes sense to me.
andyoz
pfm Member
There's some excellent commentators out there. Most of the Mainstream Media ones are full of s**t though! When they latch onto something I normally Sell.
Rana
pfm Member
Yeah, I kind of not into that. I have a longer term outlook and have an investment strategy into specific companies and funds which I have thought about and studied for a while, and I'm sticking to that (to avoid distractions). Target is to be minimum 1.5 and ideally at least 2 times my current asset base by 2023.......assuming that there are no more major shocks like a Brexit, a Covid or a China-US war around the corner.
Rana
pfm Member
There are also some excellent and informative comments below FT.com articles as well. However the Trump acolytes appear increasing en masse these days (funded by Putin no doubt) and diluting the richness of thought.
Rana
pfm Member
Well the naysayers (myself included) have been wrong to date as far as the Tesla price goes. It jumped a further fair few percent today when they announced a 1 for 5 exchange bring the price into realms of even more robinhooders who are able to still collect government handouts.
HOWEVER....I work in the automotive/energy sector and all EU, US, Japanese and Chinese OEMs, major Tier One suppliers (Bosch, Mahle, Conti, Hitachi, Denso, Magneti, Valeo, Delphi etc) and major "petrol" forecourt providers (bp, Shell etc) are preparing for the electrification onslaught, so I really do think Tesla will struggle in that situation as their USPs become diluted in the next 5 years. That's assuming they survive the potential financial scandals....one of which I alluded to earlier in this thread.
HOWEVER....I work in the automotive/energy sector and all EU, US, Japanese and Chinese OEMs, major Tier One suppliers (Bosch, Mahle, Conti, Hitachi, Denso, Magneti, Valeo, Delphi etc) and major "petrol" forecourt providers (bp, Shell etc) are preparing for the electrification onslaught, so I really do think Tesla will struggle in that situation as their USPs become diluted in the next 5 years. That's assuming they survive the potential financial scandals....one of which I alluded to earlier in this thread.
robs
should know how this works by no
Hang on a while longer for the ride!
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