Cineplex Inc | StockChase
417
Cineplex Inc (CGX-T)

Last Price Recorded: $29.6800 on 2018-05-26

ON STOCKCHASE SINCE May 2004

Movie theaters

other services
417
Cineplex Inc (CGX-T)

Last Price Recorded: $29.6800 on 2018-05-26

ON STOCKCHASE SINCE May 2004

Movie theaters

other services

Cineplex Inc


Signal Opinion Expert
DON'T BUY
Cineplex Inc(CGX-T) 

May 25, 2018

He held it for years and sold it at $53, because it was getting expensive. Also, there was nothing left to do in the Canadian cinema industry after acquiring Famous Players, etc. They have a smart CEO. The Recroom and their new golfing game are good moves. But these new operations need time to raise the share price. By 2020, they want cinemas to occupy only 60% of their operations. It's still trades at a higher multiple than American counterparts.

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He held it for years and sold it at $53, because it was getting expensive. Also, there was nothing left to do in the Canadian cinema industry after acquiring Famous Players, etc. They have a smart CEO. The Recroom and their new golfing game are good moves. But these new operations need time to raise the share price. By 2020, they want cinemas to occupy only 60% of their operations. It's still trades at a higher multiple than American counterparts.

other services
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$29.680
Owned Owned
No

WATCH
Cineplex Inc(CGX-T) 

May 7, 2018

He is taking a look at it.  He has never owned it.  Cinemas were said to be dying.  The whole industry has changed and they are thriving.  The business model seems to be here to stay.  He would take a look at it.  5.7% yield.

other services

He is taking a look at it.  He has never owned it.  Cinemas were said to be dying.  The whole industry has changed and they are thriving.  The business model seems to be here to stay.  He would take a look at it.  5.7% yield.

other services
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Weal...

PricePrice
$28.600
Owned Owned
Unknown

BUY
Cineplex Inc(CGX-T) 

May 4, 2018

Great management team. Netflix (NFLX-O) and at-home entertainment has been killing them. A stock that you look at and you want to buy it. He is just not there yet. They are having new initiatives like the rec rooms. This summer is going to be the tell because there is a very strong slate of movies.

other services

Great management team. Netflix (NFLX-O) and at-home entertainment has been killing them. A stock that you look at and you want to buy it. He is just not there yet. They are having new initiatives like the rec rooms. This summer is going to be the tell because there is a very strong slate of movies.

other services
Jamie Murray

Head of research, Murray Wealth Group...

PricePrice
$28.620
Owned Owned
No

BUY
Cineplex Inc(CGX-T) 

May 3, 2018

What happened over the last year he was waiting for 4 years to happen.  Most cash flow does not come from the ticket but from the food.  It has finally hit the company that traffic is lower and will be forever.  The stock has now reached the level it was going to drop to anyway.  This is the time to average down.

other services

What happened over the last year he was waiting for 4 years to happen.  Most cash flow does not come from the ticket but from the food.  It has finally hit the company that traffic is lower and will be forever.  The stock has now reached the level it was going to drop to anyway.  This is the time to average down.

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Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital ...

PricePrice
$28.170
Owned Owned
No

BUY
Cineplex Inc(CGX-T) 

May 3, 2018

They missed earnings just yesterday. Box office is still 70% of their revenues. Trading at 23 times 2018 the stick is still not cheap. They are growing the other businesses. The film slate will probably come back. The balance sheet is stable. Paying a 6% dividend.

other services

They missed earnings just yesterday. Box office is still 70% of their revenues. Trading at 23 times 2018 the stick is still not cheap. They are growing the other businesses. The film slate will probably come back. The balance sheet is stable. Paying a 6% dividend.

other services
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$28.170
Owned Owned
No

BUY
Cineplex Inc(CGX-T) 

April 26, 2018

The world has gone negative on it.  There was a perfect storm last year.  AMZN-Q was going to clobber them.  A lot of bad news has been baked into this stock.  They are at 65% payout ratio so it is safe.  He is looking at it because they are down and dirty.  Bad news will be over on a go forward basis, he thinks.

other services

The world has gone negative on it.  There was a perfect storm last year.  AMZN-Q was going to clobber them.  A lot of bad news has been baked into this stock.  They are at 65% payout ratio so it is safe.  He is looking at it because they are down and dirty.  Bad news will be over on a go forward basis, he thinks.

other services
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$30.530
Owned Owned
No

BUY
Cineplex Inc(CGX-T) 

April 23, 2018

Starting buying this in 2001. It worked beautifully. Cineplex has raised prices, has put customers in premier offerings and diversified its offerings. The yield is safe though unsure it it will rise. Getting 10% free cash flow yield. Wouldn't be surprised if private equity or an activist stockholder stepped in. He's still a firm believer in CGX, a very viable company.

other services

Starting buying this in 2001. It worked beautifully. Cineplex has raised prices, has put customers in premier offerings and diversified its offerings. The yield is safe though unsure it it will rise. Getting 10% free cash flow yield. Wouldn't be surprised if private equity or an activist stockholder stepped in. He's still a firm believer in CGX, a very viable company.

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Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$31.140
Owned Owned
Yes

COMMENT
Cineplex Inc(CGX-T) 

April 18, 2018

One of the goods things is that it is a dominate player in the sector.  He has seen them diversify into gaming, VIP sections, and other areas.  Without knowing the numbers of the company, he can’t make a strong recommendation.   Yield 5.5%.  (Analysts’ price target is $38 )

other services

One of the goods things is that it is a dominate player in the sector.  He has seen them diversify into gaming, VIP sections, and other areas.  Without knowing the numbers of the company, he can’t make a strong recommendation.   Yield 5.5%.  (Analysts’ price target is $38 )

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Benj Gallander

President, Contra the Heard Inv...

PricePrice
$30.690
Owned Owned
No

PAST TOP PICK
Cineplex Inc(CGX-T) 

April 18, 2018

(A Past Top Pick on May 17, 2017, Down 38%) He owned this for a long time, but in Q2 2017, their earnings revisions weakened, then Q2 results showed theatre visits were down. He exited. He doesn't buy turnaround stocks, which may happen here; he buys stocks that keep rising. This stock is broken with a weak earnings picture.

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(A Past Top Pick on May 17, 2017, Down 38%) He owned this for a long time, but in Q2 2017, their earnings revisions weakened, then Q2 results showed theatre visits were down. He exited. He doesn't buy turnaround stocks, which may happen here; he buys stocks that keep rising. This stock is broken with a weak earnings picture.

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David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$30.690
Owned Owned
No

COMMENT
Cineplex Inc(CGX-T) 

April 16, 2018

She has held this for a long time. Cineplex is diversifying away from box office, which still accounts for 50% of its revenues. For example, they are expanding into restaurants in their entertainment centres, and so far that's doing well. Give it time. Today, there are many ways to watch movies, so the theatres have to offer "big" films. Nicer seating and alcohol service help.

other services

She has held this for a long time. Cineplex is diversifying away from box office, which still accounts for 50% of its revenues. For example, they are expanding into restaurants in their entertainment centres, and so far that's doing well. Give it time. Today, there are many ways to watch movies, so the theatres have to offer "big" films. Nicer seating and alcohol service help.

other services
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$30.670
Owned Owned
Yes

HOLD
Cineplex Inc(CGX-T) 

April 12, 2018

He owns it. Shares are decently valued now trading at 10.5 times enterprise value over EBITDA. Down from 18 times in 2015. Dividend yield is 5.4%. Strong movie slate this year. The premium movie platform is working for them Strong management.

other services

He owns it. Shares are decently valued now trading at 10.5 times enterprise value over EBITDA. Down from 18 times in 2015. Dividend yield is 5.4%. Strong movie slate this year. The premium movie platform is working for them Strong management.

other services
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$30.810
Owned Owned
Yes

DON'T BUY
Cineplex Inc(CGX-T) 

April 9, 2018

They are now under a bit of stress because people find other ways of spending their free time.

other services

They are now under a bit of stress because people find other ways of spending their free time.

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Greg Dean

Principal & Portfolio Manager, Cambridge Global Ass...

PricePrice
$31.350
Owned Owned
Unknown

DON'T BUY
Cineplex Inc(CGX-T) 

March 15, 2018

He is a big customer of the company. But the industry is 100% dependent on Hollywood. It has not been a huge box office year. They are taking measures to diversify away but still basically a movie, bum-in-the-seat business and going to have problems until Hollywood come with movies people want to see.

other services

He is a big customer of the company. But the industry is 100% dependent on Hollywood. It has not been a huge box office year. They are taking measures to diversify away but still basically a movie, bum-in-the-seat business and going to have problems until Hollywood come with movies people want to see.

other services
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$31.020
Owned Owned
No

HOLD
Cineplex Inc(CGX-T) 

March 8, 2018

Concerns that people are going to stop going to the movies affected the price of the stock. Traffic has come down in 2017 but the company manages to make people spend more money once they are in the theatres. The digital media business is getting traction. The valuations have already been hit. The dividend is not going to be cut.

other services

Concerns that people are going to stop going to the movies affected the price of the stock. Traffic has come down in 2017 but the company manages to make people spend more money once they are in the theatres. The digital media business is getting traction. The valuations have already been hit. The dividend is not going to be cut.

other services
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$31.530
Owned Owned
Yes

TOP PICK
Cineplex Inc(CGX-T) 

February 20, 2018

A contrarian call. Real growth is in concessions and the Rec Room operation, not the slate of movies. Boasts 10 times earnings and a 5.3% yield.(Analyst's price target is $39.72.)

other services

A contrarian call. Real growth is in concessions and the Rec Room operation, not the slate of movies. Boasts 10 times earnings and a 5.3% yield.(Analyst's price target is $39.72.)

other services
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$31.870
Owned Owned
Yes

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