I think you're misrepresenting the name of the game. A publicly owned business's goal isn't to "feel confident enough in their financials" and wait out as long as they can without going bankrupt. As long as a company is closed, they're not earning profit, and so they're failing at their one goal. I think even the most risk-averse companies at this point are going to be chomping at the bit to get any amount of revenue flowing as soon as they safely can.
I’m just stating my feeling that a company pushing forward to do something just because another one is doing something is bad reasoning. Like you said it’s about making a profit. If a company feels that what it would take to do so could expose them to lawsuits or the like, then it might be smarter to wait.