Colin Stewart Carmike Cinemas Inc. CKEC-Q TOP PICK Nov 06, 2014

Smaller, lesser known cinema chain in the US. Smaller centers in the US. Less competition from other chains and from sports. Consistent business. 22 quarters have seen higher per patron revenues due to concession stands. Could be an acquisition candidate for larger players. Just under 6 times earnings. A discount to its peers and especially CGX here in Canada.

Really likes the business. It could be taken out by a larger consolidator. He sold in the last month or so because it is more fully valued now.

(A Top Pick Nov 6/14. Down 17.71%.) A very good business. They operate movie theatres in the US. Trades at a huge valuation multiple discount to what Cineplex (CGX-T) would in Canada. They have been growing through acquisition.