Gulati: Hospitality and entertainment post-COVID margin expansions are largely permanent
Himanshu Gulati · Himanshu Gulati – Antara Capital (Manager Meetings, EP.19) · Nov 11, 2021 · at 30:24
Himanshu Gulati, founder of Antara Capital, explains his thematic investment thesis for post-COVID reopening trades in hospitality and entertainment.
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“Those companies generally were able to reduce their cost structures materially during COVID and because they had to in order to survive. Will some of those costs come back? Sure. But a lot of them are gone forever. So these companies have significantly higher earnings power because their margins are going to be better.”
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