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Re: Goodbuddy4863 post# 297329

Thursday, 05/21/2020 5:31:55 PM

Thursday, May 21, 2020 5:31:55 PM

Post# of 346648
Funn is not holding and the next wave of selling has not started quite yet. Down over 85% in the past few weeks, so it is taking a short break before heading down lower.

20% of all food service cafes/restaurants Nationwide will never re-open. Another 20% will re-open to take advantage of the ppp loans, but will close shortly thereafter. I am absolutely certain that Snakes will unfortunately fold in the second wave. 85% occupancy is required to break even, and it will be a cold day in heck before Snakes can even come close to 50% occupancy.

The other shoe will fall soon enough...