RE:Hindenberg reputationAll of us have our own biases and are angling for something or other, of course. I don't know if Hindenburg's target prices are reasonable, but I'm sure he's basically right to short it.
Cineworld is a giant with $9 billion in revenues - and it lost a third of its value on this news about the new Bond film. The value of this deal has been put around $2-3 billion.
Compared to those kind of sums, that $40 million termination penalty isn't even trivial. It's nothing. Their contract allows them an out, and it seems a dead certainty that the agreed price is now too high, so it'd be amazing if they aren't looking to renegotiate. We just need to guess what the new price is likely to be.
My own bias: I sold out of Cineplex back when it was running around $45-50 and way overvalued. I told myself then I might buy back in if it got cheap enough... but meanwhile Hollywood entered a dry patch, it never got low enough for me, and finally this buyout caught me by surprise. So now I'm wondering if there might be another chance to get in at a decent price, when all this settles.