Mauro, they must be a little shaken just now. They will do their best to get Dreamworld flying again. Craig Davidson has actually been pretty impressive through this very rough patch.
Just have to put it in perspective. Clearly they were in the middle of a very big restructure when the hammer hit. The moves really were all right up until then- marinas were very low margin, and the HC division was under intense price pressure with the 24/7 clubs- ultra competitive. Tax cuts about to happen in the US will buoy discretionary spending power and help ME in the medium term.
It doesn't help anyone to have Dreamworld tank- so it won't. This is all just about time now- and how they continue to manage the PR aspect and their moral responsibilities. Sure a big part of it will be helping the families as much as possible. Hope DW recovers well over the Christmas period- it employs over 1,000.
AAD Price at posting:
$2.29 Sentiment: Hold Disclosure: Held
