TSX:REI.UN - Post by User
Comment by
CANCDNon Jun 15, 2020 10:38pm
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Post# 31154070
RE:RE:Any thoughts q2-q3
RE:RE:Any thoughts q2-q3 Your post is sooooo wrong.
First off, traffic in malls is near 90% after being open for 30 days in the USA.
Second, COVID cases are way up worldwide yet deaths are way down (this information is easy to find on CDC or WHO websites). The virus has changed and potency has dropped. There will always be hot spots, no different than the flu, cold virus etc. That's how virus move through populations.
One big industry that will suffer is travel. Since vacations will be no go this year, retail spending at home will be way up. I actually figured this out talking with neighbours who all said they would have to shop at home this year instead of while on vacation.
Movie theatres usually avg only 30% occupancy. As Cineplex said already, they will add more screenings for movies and as such need to pay rent.
dont be supposed if you see GoodLife make a move for that fitness chain in the us that is going bankrupt. I actually known Patchel Evans and GoodLife is a financial juggernaut. He tried to buy a chain in the US during 2009 but could get funding, but banks are the problem this time.