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: $49.6000 on 2017-07-24

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Date Signal Expert Opinion Price
2017-07-24 WAIT Don Vialoux

The summer picture season is not as dramatic as it was last year.  We recently had a break of support back to March.  Now is not a good time to buy it.  It is in a downward trend.  There may be interesting potentials closer to the end of the year.


Price:
$49.600
Subject:
TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias:
UNKNOWN
Owned:
Unknown
2017-07-20 BUY on WEAKNESS Mohsin Bashir

He likes the fact that it is a pretty recession-proof stock.  It is a lot more than movie tickets.  They have really built up gaming.  The PE has been high for quite some time.  It is not that elevated a PE considering its resilience, however.  It is a good idea to pick away at it.  You know you will keep getting dividend increases.


Price:
$49.860
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-07-18 COMMENT Barry Schwartz

Downgraded by National Bank (NA-T) from $60-$56. Thinks it was partially because US movie distributors had been underperforming in 2017. The concern is the same every year that nobody is going to go to the movies, they charge too much, the movies are crap, etc. Yet, they had record box office in 2016, and will probably have another in 2017. They’ve diversified revenues and are opening up the rec rooms. A premium company that has never missed on their operations.


Price:
$50.010
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-07-14 BUY Michael Smedley

This fell 4.2% today as the National Bank (NA-T) cut its rating to “Sector Perform” from Outperform. A buying opportunity for the long-term. Rather than a cinema company, this is really a fabulous popcorn company as well as introducing some new things.


Price:
$50.130
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-07-13 TOP PICK Jerome Hass

* Short * Pairs Trade: *Long* CNK-N/ *Short* CGX-T. Canadian long only managers always buy CGX-T as a recession proof business. It is a good company, but very expensive. It is twice the valuation of CNK-N.(Analysts’ target: $58.50).  CNK-N is more focused on the cinema business. It has 3 times more screens. It is a bigger, more liquid name and has a better dividend yield. (Analysts’ target: $44.00). 


Price:
$52.330
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
Bullish on Canadian Equities
Owned:
Yes
2017-06-27 PAST TOP PICK Lyle Stein

(A Top Pick July 5/16. Up 4.70%.) Pretty close to a monopoly in showing films in Canada. He is buying it, not so much for the films, but for the popcorn and the things happening outside of the films. A great name to hold for the long-term.


Price:
$53.100
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-06-16 COMMENT Norman Levine

This stock is buffeted by the fact that it is totally dependent on someone else for their product. If it is a hot season for movies, they are going to do well. If it’s not, they don’t get the bums into the seats in order to sell popcorn, which is where they make their money. To their credit, they have been diversifying away into other forms of entertainment distribution and game rooms. They are doing the right things. It has been a decent place to be, and probably will continue to be.


Price:
$52.320
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-06-16 COMMENT Greg Newman

This had a very solid top line growth in Q1, and he raised his outlook for a better box office in 2017. He sees really nice growth in Digital media and gaming and sees 23% EPS. Trading below its five-year average. However, at 30X earnings, it is still pretty pricey, and vulnerable to a bit of a hiccup. A lot of growth is tied to a successful rollout of their rec room. If they hook up on that, then it is a little pricey, but all in, a name that is probably good here. You could probably sell some Puts, oblige yourself to own it at around $48, get paid a little bit.


Price:
$52.320
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-05-26 PAST TOP PICK Stan Wong

(A Top Pick April 6/16. Up 5%.) This continues to do well. Very strong management. Executing on their plans of diversifying their revenues, whether inside the theatre to building the rec room. Shares are trading at 16X enterprise value over EBITDA. Pays a nice dividend of 3.5%.


Price:
$51.720
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-05-25 COMMENT Douglas Kee

The movie business is still good, but it kind of depends on blockbuster shows coming out. However, they’ve gone into a lot of other things. They are doing a restaurant kind of thing as well as video play and arcade games. Dividend yield of 3.3%.


Price:
$51.840
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Unknown
2017-05-17 TOP PICK David Baskin

When people go to movies, they are not now just going to the movies. Some are going to VIP movies. They are going to the enhanced screens. While it used to be a $20 experience, now you can pay $80. They are also opening up rec rooms where you can spend your money before you even go into the movie theatre. When you go on an airplane, movies are brought to you by Cineplex. They also have advertising. A lot of revenue lines. Dividend yield of 3.1%. (Analysts’ price target is $58.50.)


Price:
$51.940
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-05-16 COMMENT Christine Poole

Has owned this for a number of years. It is the largest theatre operator in Canada. The concession and ticket prices represents 75% of earnings. The other 25% is media, and there are good growth prospects in this area, particularly in the US. They are trying to diversify the revenue stream and are opening the rec room concept. They are very good at increasing the amount that you spend once you are in their theatres. Yielding around 3%.


Price:
$52.650
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-09 PAST TOP PICK Lyle Stein

(A Top Pick July 5/16. Up 5%.) One of those monopolies he believes is a wonderful name to own in the Canadian consumer space. Bought it because they were getting more dollars of revenue for every visit. A great kind of growth name that you don’t have to pay extremely high values for.


Price:
$53.190
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
2017-04-04 COMMENT Gerard Ferguson

It amazes him what business lines they get themselves into. He would watch for other areas that they get involved in, such as e-gaming, etc. They are now one of the leading players in the entertainment sense. He is looking at this.


Price:
$50.470
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-03-20 HOLD Lyle Stein

He continues to like this. It had a disappointing 2016, not the best year for movies. In spite of the weak Q4, they are getting increasing revenues from non-theatre tickets. They are expanding their revenue streams from gaming and media sell. You get the upside when you get a good movie cycle, but this is a business that is well-run with stable cash flows. Pays a 3% yield.


Price:
$50.770
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Yes
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