Reasons to hold on...and please add to my list!Half trying to convince myself :/
1. A few posts down, somebody made a good point. Cinemark can just be loading up the truck here and buying in the market - so there's some support at least.
2. Material Adverse Effect is decided on a case by case basis. It's not a slam-dunk.
3. Cineplex streams movies - that part of the business should go up if this drags on.
4. If this drags out, don't you think the content providers - Disney etc may do a deal to allow theatre operators to stream the movies without the theatre (like Netflix did with Roma?). Might just help both parties.
5. Covid-19 is temporary. People will come back to the movies.
6. Less people are going to get the regular flu this year because we're being much more careful.
7. North America will probably get fewer cases of Covid-19 than where Cinemark operates. Cineplex is still a benefit to them for that plus also top-notch managment in a difficult sector.