Viewing Company Cineplex Inc | StockChase
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Compiling comments that experts make about stocks while on public TV.

Cineplex Inc Stock Symbol: CGX-T

Notes:Movie theaters

Last Price Recorded: $38.3300 on 2017-10-20

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Date Signal Expert Opinion Price
2017-10-16 COMMENT Barry Schwartz

It’s been nasty being a shareholder this year. It had a disastrous summer. There weren’t any good movies. Box office returns were down anywhere from 10% to 15%, which is going to hurt their bottom line. It looks like it will end the year down 1%-2% on the box office. The 2018 slate looks promising. They’ve done a great job in raising ticket prices, raising prices on food, and are light years ahead of the US competition, because they’ve expanded into other areas. Thinks they are going to be very successful. Will benefit from Sears and Target closing up shops, as they will be able to negotiate pretty good leases and acquire big sites to launch their entertainment centres. Even at $38, it is not a cheap stock, however it has a great business model. As the movies pick up, it can go a lot higher. 4.3% dividend yield.


Price:
$38.320
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-10-12 HOLD Stan Wong

He likes the insurance companies in the US. This recently did a spinoff of their smaller financial division. It has recently spiked over the last couple of months. Trading at 11X earnings with a decent growth rate. Insurance companies, particularly in the US, are going to move along with what is going to happen with interest rates. He likes insurance companies, but wouldn’t ignore large US banks. Dividend yield of 3%.


Price:
$38.560
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2017-10-11 PARTIAL BUY Christine Poole

Fell back on a weak quarter because of a weak slate of movies. The next quarter will also be weak. For new clients, she buys a half a position, and slowly eases into it. There is nothing structurally wrong with the company, so doesn’t think the stock price will drop much further. It always trades at a premium to its US peers because of the large market share they have in Canada, over 80%. They have other revenue streams that are diversifying and growing, such as their rec rooms which have been doing quite well. Bringing E gaming into their theatres, and that sport seems to be gaining momentum. In a few years, those extras will make them less reliant on the movie slate.


Price:
$38.650
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-10-04 COMMENT Jerome Hass

Has a Short position. It is so widely held by Canadians, portfolio managers, and virtually every mutual fund. Has always traded in a band of $48 and $52. Their Q2 numbers were way down as a result of a very poor box office. People underestimated the cost of the launch of the new ventures, and it finally broke out of that band and gapped down to around $37. A good company, but trades at twice the valuation of its US peers.


Price:
$39.660
Subject:
CANADIAN MIDCAP
Bias:
UNKNOWN
Owned:
Yes
2017-10-03 HOLD David Baskin

Has always admired management. It’s important to understand that they don’t make movies, so if Hollywood makes lousy movies that no one wants to see, this company suffers. They have figured out something to do about this and have basically diversified their revenue. Created Rec rooms, which are basically man caves for millennials with a bar and a restaurant and a lot of great games to play. They’ve been brilliant in establishing new revenue lines. However, at the end of the day, people have to go to the movies and they have to be good movies. He is looking for a very strong 4th quarter with strong new releases. Dividend yield of over 4%.


Price:
$39.260
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-09-26 TOP PICK Lyle Stein

He likes to look at contrarian opportunities. This is a monopoly movie distribution business in Canada. It had a lousy quarter, and is going to have a lousy quarter coming up. He looks at this like a commodity. Movie cycles come and go. There is good hope on the screen looking forward. It has become a wonderful value opportunity to buy a depressed stock. Dividend yield of 4.4%. (Analysts’ price target is $48.)


Price:
$38.010
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-09-25 WAIT Stephen Takacsy, B. Eng, MBA

Great management team that has been executing flawlessly.  One little hiccup can really hammer this stock.  All the cinema stocks have come down in North America.  CGX-T is looking at some high growth avenues like amusement centers to grow.  He is going to wait for a few quarters.


Price:
$38.530
Subject:
CANADIAN
Bias:
BULLISH on CANADIAN MARKET
Owned:
No
2017-09-22 WAIT Paul Harris, CFA

Movies have had a difficult time of late. They’ve had a very bad summer season for blockbusters. People are not as eager to go to movie theatres unless there is something really, really important they want to see. The company has done a very good job with concessions. He would wait for another quarter or so before looking at this.


Price:
$39.550
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2017-09-13 COMMENT Paul Gardner, CFA

Something he owned, but got out too early. Management is fantastic. The last quarter, the AMC’s release in the US scared him. They came with guidance and missed their numbers. You could skew this to the box office content. The blockbusters were not in it this year. Has a feeling that the window is smaller for theatrical releases. Also, feels there is less tendency for people to go to the movies. They have some side businesses which are really good. The concession business is decent. Their new Rec Room proposition is fantastic, but that doesn’t move the needle. Thinks there are tremendous headwinds for them.


Price:
$38.440
Subject:
REITs, BONDS AND DIVIDEND STOCKS
Bias:
UNKNOWN
Owned:
No
2017-09-12 HOLD Christine Poole

Had been buying for new clients earlier this year and unfortunately, they are underwater. If you own, you should keep holding it. Yields over 4%, so you are getting paid to wait. The traffic into theatres was obviously soft, which she thinks was the movie slate. 2015 and 2016 were both record banner years. In the last 4-5 years, box office sales have continued to increase, as well as the number of tickets sold. Thinks the slate will improve. Management is trying to diversify out of just being in theatres, and making investments in the Rec Room, online gaming, Top Golf, etc. There is no rush to buy right away, because we know the 3rd quarter is going to be soft. If thinking longer-term, you can slowly start to add here.


Price:
$38.580
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-08 COMMENT David Cockfield

They are changing the whole concept of watching movies. They are putting in lounges and the food is better. If a little tight on money, and you want to take the family out, you can go here, perhaps have a beer, and see a good movie in a nice comfortable situation. It makes a very reasonable evening out, particularly for a family. They are improving the ambience significantly. Have had a run of crappy movies, which is part of the problem. He is watching this.


Price:
$38.020
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
No
2017-09-07 BUY Michael Simpson, CFA

It has come down dramatically, as it is the worst in 20 years for a movie slate.  He bought aggressively.  They have a 72% market share in Canada and are diversifying.  Hollywood has to stop serving dog food and bring back caviar.  2018 should be a better year for movies.


Price:
$38.030
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Yes
2017-09-07 DON'T BUY Lorne Steinberg

They’ve done an amazing job and surprised him over the years by creating excitement with all the new blockbuster films. However, the long-term trend is not your friend for this company, because people are buying Netflix and watching more and more stuff at home and on their computer. It’s hard to see that trend changing. Management has done a very good job over the years, it is really just a tough industry.


Price:
$38.030
Subject:
Global Value & High Yield Bonds
Bias:
UNKNOWN
Owned:
No
2017-09-06 TOP PICK Keith Richards

Has been massively oversold, and it is very, very likely that the stock is going to have a short-term rebound. This is a short-term trade for those people that like that sort of thing. (Analysts’ price target is $50.)


Price:
$38.100
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Yes
2017-09-05 COMMENT Michael Smedley

This is in command of its space. It has the glorious health food, popcorn, and charging high prices for it. They have started up a new thing called the Rec Room.


Price:
$38.850
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
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