I negated it due to the aggregate 10 year losses of $-141M .
Dreamworld relies a lot on the tourist trade. The Cash flow needs to run hot during the good times, to tide them over during the lean times, because international tourists wax and wane due to macro events. A shame to see an exciting business lose money, hopefully they can turn it around.
But by my reckoning, the stock market is crashing, that will be followed by property crashing, and eventually a global recession. this has been a 50 yr financial experiment that is coming to a close, or a reset at least. The Theme parks will be burdened with cost pressures, and potentially flagging attendances due to falls in disposable income. Just depends new what the ASX punters think about it.
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I negated it due to the aggregate 10 year losses of $-141M ....
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