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Compiling comments that experts make about stocks while on public TV.

2017-09-12

Opinion for Cineplex Inc (CGX-T)

Signal Price Bias Subject Owned
HOLD $38.580 BULLISH NORTH AMERICAN - LARGE Yes

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.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management

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