Why Investors Should Get Some Play from Dave & Buster's Stock
Dave & Buster's (NASDAQ: PLAY) stock became one of many victims of the COVID-19 pandemic. The forced closures of its entertainment venues sent the stock plunging to single-digit levels. Although shares recovered partially from the March lows, it did not see the kind of rally enjoyed by many consumer-discretionary stocks.
Nonetheless, the company pivoted to build reserves as the pandemic hit. Moreover, many of its locations have since reopened, allowing the company to earn revenue again. Although Dave & Buster's faces a tough road ahead, an eventual resurgence once coronavirus recedes should boost this stock.
As with many businesses, the pandemic stopped Dave & Buster's in its tracks. The contagion caught the company off-guard, and Dave & Buster's found itself without its major source of revenue for an extended period.
Source Fool.com
