Cinemark Needs More than Top Gun to Bolster a Declining Industry
From a cursory look, cineplex operator Cinemark (CNK) seemingly poses as a viable bullish target. With the debut of Top Gun: Maverick – a film that has broken multiple records – driving people back into the box office in droves, CNK stock could enjoy a revival. Nonetheless, too much damage may have been inflicted on the underlying industry, making it a questionable investment. I am bearish on CNK. Based on the concept of immediacy bias, it’s understandable why many investors are willing to give Cinemark a chance.
Cinemark Needs More than Top Gun to Bolster a Declining Industry
From a cursory look, cineplex operator Cinemark (CNK) seemingly poses as a viable bullish target. With the debut of Top Gun: Maverick – a film that has broken multiple records – driving people back into the box office in droves, CNK stock could enjoy a revival. Nonetheless, too much damage may have been inflicted on the underlying industry, making it a questionable investment. I am bearish on CNK. Based on the concept of immediacy bias, it’s understandable why many investors are willing to give Cinemark a chance.