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" ... China is playing something approximating that role today—or at least holds that promise. ... "
" ... Copper, currently around $2.05 a pound if surging to $2.60 would add $1.7 billion to cash flow, over 30%. If you capitalized operating cash flow at 3 times it would be worth over $5 billion in market value on 1.25 billion shares, some $4 a share on a stock ticking around $11 with a market cap approximating $14 billion. ... "
" ... However, it’s also an attempt to create something approximating a summer movie season that’s keeping these big movies from moving to safer dates. Absent the need to fake the notion of a summer season, Mulan could just replace Steven Spielberg’s West Side Story on December 18 just in case the allegations against Ansel Elgort turn out to be true. As for Tenet, Wonder Woman 1984 and Dune (now set for December 18), well, one of those should open on October 2, another should open on December 18 and the third one could be a summer biggie for 2021. Dune is arguably safer as a Christmas release than a summer one. ... "
" ... In the aftermath, theaters which had opened in late summer with the presumption that Unhinged and Tenet would usher a wave of newbies were left with months of (at best) small-scale studio programmers like The War with Grandpa and Freaky helping to keep the lights on. If California follows suit, then it could be something approximating the beginning of the end of the Covid-specific theatrical crisis. ... "
" ... On a $40 billion projection for operating cash flow, Facebook sells at 15 times, a reasonable multiplier, in any language. With a market capitalization approximating $600 billion Facebook trades at 60% of Amazon’s market cap. Nobody calls attention to Facebook’s R&D spend approaching 20% of revenues, an unheard-of allocation to their employment rolls. March quarter headcount rose 36% year-over-year. ... "