Cineplex Inc | StockChase
403
Cineplex Inc (CGX-T)

Last Price Recorded: $31.5300 on 2018-02-22

ON STOCKCHASE SINCE May 2004

Movie theaters

other services
403
Cineplex Inc (CGX-T)

Last Price Recorded: $31.5300 on 2018-02-22

ON STOCKCHASE SINCE May 2004

Movie theaters

other services

Cineplex Inc


Signal Opinion Expert
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.)

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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.)

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Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$31.870
Owned Owned
Yes

COMMENT
Cineplex Inc(CGX-T) 

February 13, 2018

Has owned this stock for a number of years. 75% of its revenues are box-office related and traffic has declined. They are diversifying with a restaurant chain and TopGolf. Their goal will be much less reliance on the box office, over the next 5 years. Decrease in traffic is reflected in share price, dividend yield is over 4%. They will report on Feb 22. She thinks the movie lineup over the next 6 months looks good, which can help traffic improve.

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Has owned this stock for a number of years. 75% of its revenues are box-office related and traffic has declined. They are diversifying with a restaurant chain and TopGolf. Their goal will be much less reliance on the box office, over the next 5 years. Decrease in traffic is reflected in share price, dividend yield is over 4%. They will report on Feb 22. She thinks the movie lineup over the next 6 months looks good, which can help traffic improve.

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Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$33.170
Owned Owned
Yes

BUY
Cineplex Inc(CGX-T) 

February 6, 2018

Wants to cry on his popcorn every time he looks at this stock price. It has been a long term holding for his clients. The US exhibitors are doing lousy. Short selling pressure on the stock. He thinks they are going to surprise in 2018 and 2019 is going to be amazing in 2019. He thinks they are going to surprise with higher dividends. For a brave investor it is a buy. 

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Wants to cry on his popcorn every time he looks at this stock price. It has been a long term holding for his clients. The US exhibitors are doing lousy. Short selling pressure on the stock. He thinks they are going to surprise in 2018 and 2019 is going to be amazing in 2019. He thinks they are going to surprise with higher dividends. For a brave investor it is a buy. 

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Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$31.680
Owned Owned
Yes

COMMENT
Cineplex Inc(CGX-T) 

January 23, 2018

A fairly controversial stock in Canada right now. Down 18% YTD. Has a fairly dominant position in the movie business, but this is an industry that is going through a lot of change. People are concerned about a variety of factors such as home viewing of movies, a shorter release cycle, etc. It is somewhat unique compared to the global or US theatre exhibition companies, in that they have a very strong market share in Canada and an attractive dividend yield. They have more advertising in the business and are diversifying with things like Rec Room. With the recent selloff, it is starting to look pretty attractive and he’s taken a very small initial position. Dividend yield of 5.6%.

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A fairly controversial stock in Canada right now. Down 18% YTD. Has a fairly dominant position in the movie business, but this is an industry that is going through a lot of change. People are concerned about a variety of factors such as home viewing of movies, a shorter release cycle, etc. It is somewhat unique compared to the global or US theatre exhibition companies, in that they have a very strong market share in Canada and an attractive dividend yield. They have more advertising in the business and are diversifying with things like Rec Room. With the recent selloff, it is starting to look pretty attractive and he’s taken a very small initial position. Dividend yield of 5.6%.

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Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$30.670
Owned Owned
Yes

COMMENT
Cineplex Inc(CGX-T) 

January 23, 2018

Has not followed this closely, but certainly it's been challenged by a lot of the new alternative streams of entertainment. He would be somewhat reticent to jump into the theatre chain industry at this time. This is an industry that is facing massive shifts in consumer behaviour. Going out to a movie is relatively pricey.

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Has not followed this closely, but certainly it's been challenged by a lot of the new alternative streams of entertainment. He would be somewhat reticent to jump into the theatre chain industry at this time. This is an industry that is facing massive shifts in consumer behaviour. Going out to a movie is relatively pricey.

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Michael Sprung

President, Sprung Investment Ma...

PricePrice
$30.670
Owned Owned
No

HOLD
Cineplex Inc(CGX-T) 

January 22, 2018

It is really well managed and they are trying to diversify away from movies only.  They have the recroom and golf.  They are likely to have some success and hope to be only 30% movies in two years.  The price decline is probably an overreaction.  They will probably have a flat year.  The dividend is safe so you could hold it for that.

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It is really well managed and they are trying to diversify away from movies only.  They have the recroom and golf.  They are likely to have some success and hope to be only 30% movies in two years.  The price decline is probably an overreaction.  They will probably have a flat year.  The dividend is safe so you could hold it for that.

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Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$30.570
Owned Owned
Unknown

WATCH
Cineplex Inc(CGX-T) 

January 18, 2018

He is not convinced that online streaming is why it is down.  It is more likely that there is fear of a dividend cut coming.  Hold off until after any cut happens.  Their cinema business is under pressure.  It was always viewed as a steady dividend payer but it is over 100% payout ratio now.  They have a slowing growth business and will have to cut the dividend.  If you saw a dividend cut that would probably be the day to buy it.

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He is not convinced that online streaming is why it is down.  It is more likely that there is fear of a dividend cut coming.  Hold off until after any cut happens.  Their cinema business is under pressure.  It was always viewed as a steady dividend payer but it is over 100% payout ratio now.  They have a slowing growth business and will have to cut the dividend.  If you saw a dividend cut that would probably be the day to buy it.

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Jason Mann

CIO & Co-Founder, Edgehill Patners...

PricePrice
$29.900
Owned Owned
Unknown

WAIT
Cineplex Inc(CGX-T) 

January 17, 2018

It really surprises him at how poorly this has done. He got stopped in the summer, because 1) the price action was not very good and 2) the market all around was rallying, and this one stood out like a red flag. It's too early to get into this again.

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It really surprises him at how poorly this has done. He got stopped in the summer, because 1) the price action was not very good and 2) the market all around was rallying, and this one stood out like a red flag. It's too early to get into this again.

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Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$30.650
Owned Owned
No

PARTIAL BUY
Cineplex Inc(CGX-T) 

January 15, 2018

This is a conundrum. You have strong management who bought up Canadian theatre chains, and did a great job of maximizing it. The valuation got to be very high. Then we had a tough movie season last year. That is what we are struggling with. Great management usually solves problems and figure out how to drive on. He wouldn't be afraid of this, but you might want to enter this on a series of purchases. Not a cheap stock.

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This is a conundrum. You have strong management who bought up Canadian theatre chains, and did a great job of maximizing it. The valuation got to be very high. Then we had a tough movie season last year. That is what we are struggling with. Great management usually solves problems and figure out how to drive on. He wouldn't be afraid of this, but you might want to enter this on a series of purchases. Not a cheap stock.

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Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$32.500
Owned Owned
Unknown

COMMENT
Cineplex Inc(CGX-T) 

January 12, 2018

It's been a tough year for them. A lot of headwinds that had been building for a few years, finally hit them this year. The suite of movies was not as strong. Has done a great job of diversifying with rec room, which has been a huge success. Their Digital business is really, really great. There are too many headwinds. Dividend yield of about 4%, but are paying out 100% of free cash flow. Don't get sucked in by looking at the dividend yield. If the box office doesn't change, at some point they will not be able to sustain their free cash flow. He is not looking at this one.

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It's been a tough year for them. A lot of headwinds that had been building for a few years, finally hit them this year. The suite of movies was not as strong. Has done a great job of diversifying with rec room, which has been a huge success. Their Digital business is really, really great. There are too many headwinds. Dividend yield of about 4%, but are paying out 100% of free cash flow. Don't get sucked in by looking at the dividend yield. If the box office doesn't change, at some point they will not be able to sustain their free cash flow. He is not looking at this one.

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Bryden Teich

Portfolio Manager, Avenue Investment Ma...

PricePrice
$33.830
Owned Owned
No

COMMENT
Cineplex Inc(CGX-T) 

January 9, 2018

This had a terrible 2017, and has no idea why it is down even further in 2018. Thinks the film slate in 2018 is going to be better than 2017. They are making a lot of money and are going to have very good results for 2017, and even better in 2018. He sees them recovering, but doesn't know when.

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This had a terrible 2017, and has no idea why it is down even further in 2018. Thinks the film slate in 2018 is going to be better than 2017. They are making a lot of money and are going to have very good results for 2017, and even better in 2018. He sees them recovering, but doesn't know when.

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Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$34.390
Owned Owned
Unknown

HOLD
Cineplex Inc(CGX-T) 

January 9, 2018

2017 had a very poor movie slate, which caused the stock to pull back. Numbers are still below what most analysts were expecting, so it will take awhile. They are staying away from the movie slate as much as they can, opening the rec rooms, top golf, retrofitting theatres to increase spend in the theatres. This will take some time. Pays a good dividend.

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2017 had a very poor movie slate, which caused the stock to pull back. Numbers are still below what most analysts were expecting, so it will take awhile. They are staying away from the movie slate as much as they can, opening the rec rooms, top golf, retrofitting theatres to increase spend in the theatres. This will take some time. Pays a good dividend.

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Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$34.390
Owned Owned
Yes

BUY
Cineplex Inc(CGX-T) 

January 4, 2018

It was considerably higher a year and a half ago.  The fundamental question is if people will keep going to movies.  He thinks they will.  People want that experience.  CGX hedged their bets in a number of ways.  They have VIP seats for a custom sandwich with wine.  There is the Rec Room.  There is Cineplex TV showing on escalators.  2013 was the third highest box office ever.  It always traded at a high multiple.  It has come down now and the dividend is more reasonable.  It is very smart management.

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It was considerably higher a year and a half ago.  The fundamental question is if people will keep going to movies.  He thinks they will.  People want that experience.  CGX hedged their bets in a number of ways.  They have VIP seats for a custom sandwich with wine.  There is the Rec Room.  There is Cineplex TV showing on escalators.  2013 was the third highest box office ever.  It always traded at a high multiple.  It has come down now and the dividend is more reasonable.  It is very smart management.

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David Baskin

President, Baskin Wealth Manage...

PricePrice
$38.050
Owned Owned
Unknown

DON'T BUY
Cineplex Inc(CGX-T) 

December 28, 2017

His problem with it is that they have no control over their product.  It will take time for them to diversify away from movies.  He has a problem dealing with machines to go see a movie.  He needs a human interaction.  He thinks it may come back to bite them at some point.  If you think it will be a great Hollywood season then you might want to buy it.

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His problem with it is that they have no control over their product.  It will take time for them to diversify away from movies.  He has a problem dealing with machines to go see a movie.  He needs a human interaction.  He thinks it may come back to bite them at some point.  If you think it will be a great Hollywood season then you might want to buy it.

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Norman Levine

Managing Director, Portfolio Management...

PricePrice
$37.220
Owned Owned
No

COMMENT
Cineplex Inc(CGX-T) 

December 11, 2017

Had a big pull back. Last year, a lot of great movies came out but this last season was pretty tough. Cinemas are gradually losing customer base, and this one is trying to increase business with other things like game rooms. Believes the season will be better next year, and the stock possibly will increase. Still very expensive. An incredibly well managed business. Investing in great management usually pays off. 

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Had a big pull back. Last year, a lot of great movies came out but this last season was pretty tough. Cinemas are gradually losing customer base, and this one is trying to increase business with other things like game rooms. Believes the season will be better next year, and the stock possibly will increase. Still very expensive. An incredibly well managed business. Investing in great management usually pays off. 

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Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$38.850
Owned Owned
Unknown

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