Apropos of something else, on the call this morning, I think I must have heard the phrase "soft/softening consumer demand" about 10 times.
While AMC is a global business, the Australian consumer will be feeling no different.
So, for the foreseeable future, I would steer well clear of businesses that derive their earnings from consumer spending.
.
Ann: Form 8K 2Q23 Results, page-5
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