Cineworld Team (LSE:CINE) was down 30{46dd52bca0123ad67b2d1222819e83fd0a56e45ca5068239f05f0c514f1e20f9} in Oct as it shuttered all of its theaters in the U.S. and U.K. By December, Cineworld’s inventory partially recouped declines, gaining 68{46dd52bca0123ad67b2d1222819e83fd0a56e45ca5068239f05f0c514f1e20f9}, as the corporation refinanced debt with 10{46dd52bca0123ad67b2d1222819e83fd0a56e45ca5068239f05f0c514f1e20f9} dilution to shareholders. Though streaming platforms are now well-known by default, we think consumers will embrace the theatrical encounter when lockdowns are lifted as has been the scenario in nations around the world like China and Japan.
From Bernard Horn (Trades, Portfolio)’s Polaris World Benefit Fund 2020 yearly report.
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