Cineplex Inc (CGX-T) Stock Predictions - Stockchase
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Cineplex Inc (CGX-T)

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Cineplex Inc

CGX-T

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Cineplex Inc (CGX-T) SAVE Feb, 16, 2019, 5:35 am

25.14 2.01 (7.4%)

About Cineplex Inc (CGX-T)

Cineplex Inc. is a Canadian entertainment company headquartered in Toronto, Ontario. Through its operating subsidiary Cineplex Entertainment LP, Cineplex operates 162 theatres across Canada. More at Wikipedia

What the experts are saying about CGX-T



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PAST TOP PICK
Cineplex Inc(CGX-T) 

February 12, 2019

(A Top Pick Feb 20/18, Down 11%) Disappointed. He got stopped out last November. He's more interested in the experience factor: Rec Room and Top Golf. If they accelerate both those, this could be a good player.
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(A Top Pick Feb 20/18, Down 11%) Disappointed. He got stopped out last November. He's more interested in the experience factor: Rec Room and Top Golf. If they accelerate both those, this could be a good player.
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Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$27.000
Owned Owned
No

WEAK BUY
Cineplex Inc(CGX-T) 

February 11, 2019

You own it for the dividend, but it is paying out everything they make right now. They have great management. He would buy for the dividend but he does to expect a full recovery.
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You own it for the dividend, but it is paying out everything they make right now. They have great management. He would buy for the dividend but he does to expect a full recovery.
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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$26.500
Owned Owned
Unknown

BUY
Cineplex Inc(CGX-T) 

January 28, 2019

Excellent management team – they have done all the right things. It got expensive and then the stock came down. The box-office has been very stable for decades. They added a lot of services. Now is a time to buy it. The game centers are where the growth will come from. It is at a neutral valuation and he does not see a lot of downside from here. (Analysts’ price target is $33.00)
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Excellent management team – they have done all the right things. It got expensive and then the stock came down. The box-office has been very stable for decades. They added a lot of services. Now is a time to buy it. The game centers are where the growth will come from. It is at a neutral valuation and he does not see a lot of downside from here. (Analysts’ price target is $33.00)
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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$28.440
Owned Owned
Unknown

DON'T BUY
Cineplex Inc(CGX-T) 

January 15, 2019

It got hit hard in the first half of 2018 over premium video on demand (shrinking shorter release windows of movies from cinemas to streaming/TV). It then got hit hard in Q4. This continues to be a show-me story. The Rec Room and gaming investments are still TBD in terms of how they affect the bottom line. He keeps passing on this stock; their future is too uncertain given Netflix and home viewing. 6.3% yield.

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It got hit hard in the first half of 2018 over premium video on demand (shrinking shorter release windows of movies from cinemas to streaming/TV). It then got hit hard in Q4. This continues to be a show-me story. The Rec Room and gaming investments are still TBD in terms of how they affect the bottom line. He keeps passing on this stock; their future is too uncertain given Netflix and home viewing. 6.3% yield.

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$27.580
Owned Owned
No

WATCH
Cineplex Inc(CGX-T) 

January 9, 2019

A controversial stock. Has performed badly, after being a market darling. Under secular threat, as people flock to streaming. Is trying to reinvent itself, pivoting to new revenue sources such as liquor and the "Rec Room." Tapping into digitization. Likes the strategy, but it's too early. Look for signs that share price is turning around, such as earnings momentum and beating forecasts. Beware the dead cat bounce.
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A controversial stock. Has performed badly, after being a market darling. Under secular threat, as people flock to streaming. Is trying to reinvent itself, pivoting to new revenue sources such as liquor and the "Rec Room." Tapping into digitization. Likes the strategy, but it's too early. Look for signs that share price is turning around, such as earnings momentum and beating forecasts. Beware the dead cat bounce.
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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$26.330
Owned Owned
Unknown

HOLD
Cineplex Inc(CGX-T) 

January 7, 2019

It moves up and down along with the success of the movie business. The new businesses they are getting into – he does not know if they are really going to work. It is extremely well managed and has done extremely well. It should come back. He feels it is a stock he should look at. (Analysts’ price target is $34.00)
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It moves up and down along with the success of the movie business. The new businesses they are getting into – he does not know if they are really going to work. It is extremely well managed and has done extremely well. It should come back. He feels it is a stock he should look at. (Analysts’ price target is $34.00)
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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$26.770
Owned Owned
No

HOLD
Cineplex Inc(CGX-T) 

January 7, 2019

Sell underperformers and switch to those with more potential in a recovery? It's always hard. It's a game of averages. You have to go with your best idea that you have the most conviction in. Small caps do worse in a lousy market compared to big caps. It's cheap here. Got hammered last quarter with concerns about the media division, but he thinks this is temporary. But his opinion may not be the best, as he's liked this for 3 years and it's only gone one way.
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Sell underperformers and switch to those with more potential in a recovery? It's always hard. It's a game of averages. You have to go with your best idea that you have the most conviction in. Small caps do worse in a lousy market compared to big caps. It's cheap here. Got hammered last quarter with concerns about the media division, but he thinks this is temporary. But his opinion may not be the best, as he's liked this for 3 years and it's only gone one way.
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Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$26.770
Owned Owned
Yes

PAST TOP PICK
Cineplex Inc(CGX-T) 

December 28, 2018

(A Top Pick Oct 31/18, Down 30%) Liked the dividend. Market didn't like the earnings report. Doesn't like a chart with lower lows, so they removed it from the portfolio.
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(A Top Pick Oct 31/18, Down 30%) Liked the dividend. Market didn't like the earnings report. Doesn't like a chart with lower lows, so they removed it from the portfolio.
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$25.100
Owned Owned
No

WATCH
Cineplex Inc(CGX-T) 

December 20, 2018

The stock has really fallen out of bed. It is highly depended on filling seats. You need quality product out of Hollywood and you have not been getting that. It is sequel after sequel instead of new entertainment. It could get interesting but you have to wait and see.
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The stock has really fallen out of bed. It is highly depended on filling seats. You need quality product out of Hollywood and you have not been getting that. It is sequel after sequel instead of new entertainment. It could get interesting but you have to wait and see.
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Norman Levine

Managing D, Portfolio Management...

Price Price
$24.470
Owned Owned
No

COMMENT
Cineplex Inc(CGX-T) 

December 19, 2018

They missed on Q3. Trading at an attractive valuation. They are modeling a 11% growth. Good dividend and pretty safe. He likes it here but other names are more attractive at this time. They are doing a good job at adding revenue streams.
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They missed on Q3. Trading at an attractive valuation. They are modeling a 11% growth. Good dividend and pretty safe. He likes it here but other names are more attractive at this time. They are doing a good job at adding revenue streams.
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$24.540
Owned Owned
Unknown

COMMENT
Cineplex Inc(CGX-T) 

December 11, 2018

Pays a good 6% dividend. It's a long-term play. The box office accounts for 80% of their profits and have been diversifying into areas like the Rec Room--but this will take time. They sell tickets when the movies are popular. Steps like the VIP cinemas and serving alcohol are positive. The dividend should hold up, unless the movie business collapses, which she doesn't see. Don't see a dividend increase, though. Also, people watch movies during recessions.
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Pays a good 6% dividend. It's a long-term play. The box office accounts for 80% of their profits and have been diversifying into areas like the Rec Room--but this will take time. They sell tickets when the movies are popular. Steps like the VIP cinemas and serving alcohol are positive. The dividend should hold up, unless the movie business collapses, which she doesn't see. Don't see a dividend increase, though. Also, people watch movies during recessions.
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$24.500
Owned Owned
Unknown

DON'T BUY
Cineplex Inc(CGX-T) 

December 4, 2018

He'd like to get interested in this, but he's not there. It's pulled back, because traffic to movie theatres has been declining (given streamers like Netflix). To its credit, Cineplex is pro-active--it has opened the Rec Room (food, dining, videogames, karaoke) and offering the VIP Lounges and serving alcohol in Ontario. Also offering digital tickets to appeal to the young. He won't jump in until they meet or exceed earnings. They just had a disastrous quarter. Too early to enter this.
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He'd like to get interested in this, but he's not there. It's pulled back, because traffic to movie theatres has been declining (given streamers like Netflix). To its credit, Cineplex is pro-active--it has opened the Rec Room (food, dining, videogames, karaoke) and offering the VIP Lounges and serving alcohol in Ontario. Also offering digital tickets to appeal to the young. He won't jump in until they meet or exceed earnings. They just had a disastrous quarter. Too early to enter this.
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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$24.880
Owned Owned
No

HOLD
Cineplex Inc(CGX-T) 

November 26, 2018

It's had a premium valuation for a long time and still has it. They've tried to diversify their business. Around $25-30, the stock is okay--hold it, but he isn't jumping into it. It's not cheap enough.
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It's had a premium valuation for a long time and still has it. They've tried to diversify their business. Around $25-30, the stock is okay--hold it, but he isn't jumping into it. It's not cheap enough.
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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$25.660
Owned Owned
No

BUY
Cineplex Inc(CGX-T) 

November 22, 2018

[Caller wanted a 10 year opinion] It's a tough call. He does not know where this industry will be in 10 years. It finally cracked over the last 12 months because less and less people go to the movies. It snowballed because streaming went to a scale where the family might just want to stay in and watch their mobile devices. It has finally hit their business model. They are doing gaming now. It might do well over the next year. They could get taken out. The stock moves on content so it depends on how good the movie slate is this season.
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[Caller wanted a 10 year opinion] It's a tough call. He does not know where this industry will be in 10 years. It finally cracked over the last 12 months because less and less people go to the movies. It snowballed because streaming went to a scale where the family might just want to stay in and watch their mobile devices. It has finally hit their business model. They are doing gaming now. It might do well over the next year. They could get taken out. The stock moves on content so it depends on how good the movie slate is this season.
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Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$25.990
Owned Owned
No

DON'T BUY
Cineplex Inc(CGX-T) 

November 15, 2018

A love-hate stock. A disastrous movie summer last year and Cineplex got hurt. It's stable--generates a dividend. That said, he sold his shares, because he didn't like the swings in price.
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A love-hate stock. A disastrous movie summer last year and Cineplex got hurt. It's stable--generates a dividend. That said, he sold his shares, because he didn't like the swings in price.
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Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$28.720
Owned Owned
No

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