RE:whats going to move thisinvesttoretire1 wrote: good news. new country with possibility of big expansion. and the needle on this thing doesnt budge
Profits...
The market knows that these micro deals don't do much to the bottom line, hence no reaction.
About 5 years ago at the annual mtg a shareholder asked Claude how many screens he estimated he needed to break even on the bottom line, to which he asnwered 100. We are now at over 700 and he is still writing results in red ink.
He also answered during an analyst quarterly call about 4 years ago, when they were still having them, that he was very confident Cineworld would get to the 30 secreens they had announced about a year earlier, they were at 7 screens at the time. They haven't installed a single screen since that date. In fact, they have clearly kicked this deal out and are installing tens of 4DX screens.
And there are many other examples...
So as far as credibility goes, Claude has many strikes and has been hitting foul balls for years. He's preventing much better players to show up at the plate....