RE:RE:Another blowPeople were predicting the end of the radio back then when TV became mainstream. "Video kills the radio stars" never happened. I think this industry will stay and continu to thrive. The lower it gets, the better the opportunity here imo. Many today have crazy home theatre and thats okay but think about the people who cant afford those system, theres a lot of them. Glad to read your input on this and looking for the day you feel great about holding this, if ever this day will come ;)
Starsearcher80 wrote: Absolutely this is not good news. The question now, is this the beginning of an avalanche of others doing the same, leaving the theatres sucking wind for another year. The bigger question is whether the movie theatres have "had their day". If people can have friends over, beer/wine, good food instead of soggy over-priced popcorn, and still see a first run movie via streaming, is this the beginning of the end for theatres? Don't know the answer to that question, but with this move today, it does put CGX into the "avoid" category for me until there is much greater clarity.
Best to all who continue with this stock.