Cineplex Inc

CGX-T

TSE:CGX

7.69
0.31 (3.88%)
Cineplex Inc. is a Canadian entertainment company headquartered in Toronto, Ontario. Through its operating subsidiary Cineplex Entertainment LP, Cineplex operates 162 theatres across Canada.
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Analysis and Opinions about CGX-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
July 31, 2020
It was doing everything well and they were going to sell the business before the pandemic. Now, the business is ruined. With social distancing and lack of good movies, it is un-investable.
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Cineplex Inc (CGX-T)
July 31, 2020
It was doing everything well and they were going to sell the business before the pandemic. Now, the business is ruined. With social distancing and lack of good movies, it is un-investable.
COMMENT
COMMENT
July 3, 2020

They are suing Cineworld. He does his road shows in CGX's theatres. It will be some time before people will feel safe crowding into a theatre.

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Cineplex Inc (CGX-T)
July 3, 2020

They are suing Cineworld. He does his road shows in CGX's theatres. It will be some time before people will feel safe crowding into a theatre.

WATCH
WATCH
June 15, 2020
He sold before the Cineworld deal. COVID-19 was a complete disaster for movie theatres. It is too much of a mess for him.
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Cineplex Inc (CGX-T)
June 15, 2020
He sold before the Cineworld deal. COVID-19 was a complete disaster for movie theatres. It is too much of a mess for him.
WATCH
WATCH
June 8, 2020
It is depended highly on the takeover offer. Technically the buyer has to continue with the offer but given the buyer's financial position it is unlikely they can continue. If it goes through it could mean high upside. He thinks the deal will be negotiated down some. If it does no go through, it could mean low single digits. He thinks things will come back to what they were in movie theatres. You have to be prepared with this one and to be a gambler.
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Cineplex Inc (CGX-T)
June 8, 2020
It is depended highly on the takeover offer. Technically the buyer has to continue with the offer but given the buyer's financial position it is unlikely they can continue. If it goes through it could mean high upside. He thinks the deal will be negotiated down some. If it does no go through, it could mean low single digits. He thinks things will come back to what they were in movie theatres. You have to be prepared with this one and to be a gambler.
HOLD
HOLD
June 4, 2020
There is an offer for the company. This is probably one of his smaller positions because of the high risk. It is trading at $15 when the offer is $34. He thinks the deal will get done but not at $34. It is high risk but he likes the upside/downside. If the deal does not come through then there is lots of risk.
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Cineplex Inc (CGX-T)
June 4, 2020
There is an offer for the company. This is probably one of his smaller positions because of the high risk. It is trading at $15 when the offer is $34. He thinks the deal will get done but not at $34. It is high risk but he likes the upside/downside. If the deal does not come through then there is lots of risk.
DON'T BUY
DON'T BUY
May 5, 2020
It's speculative, depending on this UK deal. All cinemas are closed now. Maybe they can open later, but at partial capacity. Look elsewhere.
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It's speculative, depending on this UK deal. All cinemas are closed now. Maybe they can open later, but at partial capacity. Look elsewhere.
HOLD
HOLD
December 18, 2019
Being purchased? Why its trading over the $34 offer price is possibly due to short covering. There is a long period before the deal closes and Cineplex still has a chance of finding a higher bid. He would continue to hold it to tender and not sell.
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Cineplex Inc (CGX-T)
December 18, 2019
Being purchased? Why its trading over the $34 offer price is possibly due to short covering. There is a long period before the deal closes and Cineplex still has a chance of finding a higher bid. He would continue to hold it to tender and not sell.
SELL
SELL
December 16, 2019
It looks like they are going to be bought out by a UK company. He would sell. This is probably a decent price to sell and re-invest elsewhere.
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Cineplex Inc (CGX-T)
December 16, 2019
It looks like they are going to be bought out by a UK company. He would sell. This is probably a decent price to sell and re-invest elsewhere.
TOP PICK
TOP PICK
November 29, 2019
He thinks this could be a private equity take over target. Traffic to cinemas have been flat, which provides a good base and they have been adding other revenue streams. It is too cheap at these levels and the dividend is not at risk. An upside of 20% next year. Yield 7.06% (Analysts’ price target is $30.40)
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Cineplex Inc (CGX-T)
November 29, 2019
He thinks this could be a private equity take over target. Traffic to cinemas have been flat, which provides a good base and they have been adding other revenue streams. It is too cheap at these levels and the dividend is not at risk. An upside of 20% next year. Yield 7.06% (Analysts’ price target is $30.40)
WATCH
WATCH
November 14, 2019
One challenge is the margin on movies makes it hard to make money. Movie going is slowing down. Better opportunities elsewhere. Free cash flow is being reinvested in things that may or may not work. Dividend may be safe, but there's no growth.
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Cineplex Inc (CGX-T)
November 14, 2019
One challenge is the margin on movies makes it hard to make money. Movie going is slowing down. Better opportunities elsewhere. Free cash flow is being reinvested in things that may or may not work. Dividend may be safe, but there's no growth.
COMMENT
COMMENT
November 12, 2019
They report on the 14th. The stock has pulled back, but so have American cinema stocks. They have been diversifying away from cinemas, which adds debt. But long-term, management believes this is the right strategy. The Rec Room is gaining traction. She bought CGX years ago for the dividend, but their investing in other areas make her wait-and-see. Disney hits have been driving traffic. Also, concession spending continues to grow, and CGX now offers alcohol.
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Cineplex Inc (CGX-T)
November 12, 2019
They report on the 14th. The stock has pulled back, but so have American cinema stocks. They have been diversifying away from cinemas, which adds debt. But long-term, management believes this is the right strategy. The Rec Room is gaining traction. She bought CGX years ago for the dividend, but their investing in other areas make her wait-and-see. Disney hits have been driving traffic. Also, concession spending continues to grow, and CGX now offers alcohol.
DON'T BUY
DON'T BUY
November 8, 2019
The chart shows that it can go further down. The motion is still down trending. The stock hasn’t been at these levels since ages. Volume is also declining so there will be more sellers in the next few weeks.
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Cineplex Inc (CGX-T)
November 8, 2019
The chart shows that it can go further down. The motion is still down trending. The stock hasn’t been at these levels since ages. Volume is also declining so there will be more sellers in the next few weeks.
PAST TOP PICK
PAST TOP PICK
November 1, 2019
(A Top Pick Sep 17/18, Down 24%) He thought it was safe to buy when it had already fallen a lot. It was showing some supportive price momentum, but they missed earnings and it fell. Earnings continue to suffer and the stock is trading lower. The payout ratio is 140% of cash flow, so he exited. Yield 7.8%
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Cineplex Inc (CGX-T)
November 1, 2019
(A Top Pick Sep 17/18, Down 24%) He thought it was safe to buy when it had already fallen a lot. It was showing some supportive price momentum, but they missed earnings and it fell. Earnings continue to suffer and the stock is trading lower. The payout ratio is 140% of cash flow, so he exited. Yield 7.8%
BUY WEAKNESS
BUY WEAKNESS
November 1, 2019
The company is still a box office play. It really depends on the film slate. The stock is at the cheapest it's been with a very high dividend. The payout ratio is very high, though it should come down to a safer level next year. He thinks they will turn around and is a good value here.
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Cineplex Inc (CGX-T)
November 1, 2019
The company is still a box office play. It really depends on the film slate. The stock is at the cheapest it's been with a very high dividend. The payout ratio is very high, though it should come down to a safer level next year. He thinks they will turn around and is a good value here.
HOLD
HOLD
October 31, 2019
One of the largest technology companies on the TSX. This is one of the most expensive, but even though, it trades to a hefty discount to a company like Accenture in the US. They need to have a positive book to bill ratio. They have to announce sizeable acquisitions. He is holding but has trimmed a little.
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Cineplex Inc (CGX-T)
October 31, 2019
One of the largest technology companies on the TSX. This is one of the most expensive, but even though, it trades to a hefty discount to a company like Accenture in the US. They need to have a positive book to bill ratio. They have to announce sizeable acquisitions. He is holding but has trimmed a little.
Showing 1 to 15 of 491 entries

Cineplex Inc(CGX-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 5

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 11

Stockchase rating for Cineplex Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Cineplex Inc(CGX-T) Frequently Asked Questions

What is Cineplex Inc stock symbol?

Cineplex Inc is a Canadian stock, trading under the symbol CGX-T on the Toronto Stock Exchange (CGX-CT). It is usually referred to as TSX:CGX or CGX-T

Is Cineplex Inc a buy or a sell?

In the last year, 11 stock analysts published opinions about CGX-T. 2 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. Read the latest stock experts' ratings for Cineplex Inc.

Is Cineplex Inc a good investment or a top pick?

Cineplex Inc was recommended as a Top Pick by Barry Schwartz on 2020-07-31. Read the latest stock experts ratings for Cineplex Inc.

Why is Cineplex Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Cineplex Inc worth watching?

11 stock analysts on Stockchase covered Cineplex Inc In the last year. It is a trending stock that is worth watching.

What is Cineplex Inc stock price?

On 2020-09-21, Cineplex Inc (CGX-T) stock closed at a price of $7.69.