The real growth story for AAD is not in Australia, where they have sold Good life (at a solid price) and are selling the marinas- but in the US, where the Main Event chain is rolling out many new stores, outside of Texas.
If Trump does cut taxes and create jobs, this will be very timely. Here in Oz, Dreamworld reopens tomorrow, and 1,000 workers see their job security come back. Is that a good thing? I think so. Aussie families may be slow to return- we will see- but the Chinese and other tourists should return quickly. We will soon know, given that it is now the peak holiday season. The new attractions might work. The ads are certainly coming back.
Anyway, half yearly results will show the story- but will not be that bad with the $260 ml one off cash injection from Good Life. Core earnings may take a bit of a hit. Story is unfolding.
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