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Otis Gillespie, a salsa dance instructor for the MacKinnon Dance Academy in Oxnard, uses a scissor lift to remove the studio’s sign on Wednesday, Sept. 30, 2020, as it prepare to close after more than four decades due to loss of revenue from COVID-19 restrictions. (Photo: ANTHONY PLASCENCIA/THE STAR)
Joy MacKinnon opened up a post on her Facebook page and started to type.
But the words didn’t come easily. She didn’t want the message to be too wordy or a sob story or “woe is me” at all.
Mostly, she just kept thinking: “Oh my gosh, I really have to say this now.”
In March, the coronavirus pandemic hit California and soon public health officials ordered closures and people to stay safe at home. The 45-year-old MacKinnon Dance Academy canceled its classes and had to close its doors, like thousands of other local businesses.
MacKinnon expected to
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Academy Sports and Outdoors (ASO) has gone public and while the company enjoys great operating momentum since the Covid-19 outbreak, investors are very cautious on the prospects for the shares despite these circumstances.
Investors seem to recognize that the company still torches along some debt and is not the strongest player in a very competitive field, with investors arguably cautious on the prospects if the conditions ‘”normalize.” I recognize that shares look cheap, yet have the same concerns, as I am not automatically buying the softness following the offering.
Sports and Outdoors
Academy Sports and Outdoors was founded in San Antonio more than 80 years ago and ever since has expanded into a sports and outdoors emporium through its focus on customers, assortment and value. The company has 259 stores across 16 Southern states, offering ”fun for all” through a localized merchandising strategy in outdoor, apparel, footwear and sports &