ARDENT LEISURE (ALG), with lockdown happening again in Australia and 3.2 million people unemployed in America, page-2

Pretty ill-informed post. No themeparks are shut in Australia. The US business isn't theme parks either they are low cost bowling alleys/lazer tag etc. If anything these will see an increase with lower incomes in the US as they are cost effective yet entertaining.

The recent sell off imo is too much. Without Northen beach Sydney we have seen a 35% price reduction. The theme parks in Australia will have enough tourists to operate and full capacity without Sydney. Heck they will probably do better as they presold tickets and people will cancel so it will mean double sales.

The border closer to Sydney is a much better outcome than cases in QLD in which they will need to reduce the numbers theme parks can hold. I would not be selling at these prices it will bounce unless there is a massive surge in cases in other states.