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Moonroof
07/08/20 6:03:00 PM
#417:


red sox 777 posted...
Stocks I'm looking at buying:

EB - Eventbrite - Currently trading at about 40% of pre-coronavirus levels. There should be a near total lack of revenue right now with no events going on, but the company has a strong balance sheet with more assets than debts, so survival shouldn't be a problem. Events will come back and even if we lose a whole year of events it shouldn't be anything close to a 60% decline in the value of the company.

CNK - Cinemark - Also trading at about 40% of pre-virus levels. Unfortunately, it already rose more than 6% today. That said, I'm not sure if theaters have actually found the bottom yet; I don't see the business coming back for a while since watching movies in a theater is not really an essential need, and people might decide they don't actually need it even after this virus stuff ends. That's in contrast to air travel, which I see as an absolutely essential need, something people just can't go without.

WH - Wyndham Resorts - Currently trading at about 71% of pre-virus levels. Anecdotal evidence is that bookings for at least one of their hotel brands is strong (family tried to book something and they were sold out).

UHR - Swatch Group - Currently at about 70% of pre-virus levels. This is the biggest Swiss watchmaking company - includes Swatch, Omega, Tissot, Breguet, Longines, etc. I don't see why the virus should have much of a long-term impact on high end watches.

SPCE - Virgin Galactic - Because spaceflight is cool. I don't know if the price has anything to do with normal metrics like profit and revenue, but who cares? To the moon (literally).


Nice list. Ive been out of the game the past month or so due to relocating for work and getting all my affairs in order. I plan on hopping back in sooner than later.
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