Cineplex Inc

CGX-T

TSE:CGX

33.92
0.08 (0.24%)
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
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.
HOLD
HOLD
September 19, 2019
The stock has come off recently by an extreme amount. The management team has done a great job over a long period of time but he cannot see the same business model and dividend in ten years.
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Cineplex Inc (CGX-T)
September 19, 2019
The stock has come off recently by an extreme amount. The management team has done a great job over a long period of time but he cannot see the same business model and dividend in ten years.
HOLD
HOLD
September 19, 2019
He used to like it, but they moved too slowly into other businesses. Theatre-going is dying, and CGX lives and dies according to the movie slate. What they're doing elsewhere is fine, but too slowly. Okay to hold this.
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Cineplex Inc (CGX-T)
September 19, 2019
He used to like it, but they moved too slowly into other businesses. Theatre-going is dying, and CGX lives and dies according to the movie slate. What they're doing elsewhere is fine, but too slowly. Okay to hold this.
COMMENT
COMMENT
September 5, 2019
Diversifying, last quarter was good. Dividend safe. For his clients, not the best idea. Still holds personally. Undervalued here at $26. Looks like they're turning the ship around. Lot of free cash flow.
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Cineplex Inc (CGX-T)
September 5, 2019
Diversifying, last quarter was good. Dividend safe. For his clients, not the best idea. Still holds personally. Undervalued here at $26. Looks like they're turning the ship around. Lot of free cash flow.
SELL
SELL
July 24, 2019
It's struggled over the years, taking free cash flow and investing in areas beyond the screen. They're in a declining business. He's been studying it, but hasn't stepped in. Be careful here. The 7% yield is safe for now, but he'd sell it now.
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Cineplex Inc (CGX-T)
July 24, 2019
It's struggled over the years, taking free cash flow and investing in areas beyond the screen. They're in a declining business. He's been studying it, but hasn't stepped in. Be careful here. The 7% yield is safe for now, but he'd sell it now.
DON'T BUY
DON'T BUY
June 24, 2019
The future for them is focusing on their rec-room. Their menu boards have expanded into subway in the US. They are growing there. He has always thought the stock was overpriced because investors were chasing yield. After a weak first quarter, numbers were not that great. They pay out a lot of their cash flow. The movie theatre industry is not dead.
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Cineplex Inc (CGX-T)
June 24, 2019
The future for them is focusing on their rec-room. Their menu boards have expanded into subway in the US. They are growing there. He has always thought the stock was overpriced because investors were chasing yield. After a weak first quarter, numbers were not that great. They pay out a lot of their cash flow. The movie theatre industry is not dead.
WEAK BUY
WEAK BUY
June 19, 2019

Dividend safe at 7.5%? CGX has an unsustainable 167% payout ratio to free cash flow. Their PE is pricey. They've spent a lot of non-movie ventures, but movies still account for 45% of business plus 25% in concessions. They need people coming into movie to attain growth. You can buy a little of this like around $23. It's an okay name, but has risk.

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Cineplex Inc (CGX-T)
June 19, 2019

Dividend safe at 7.5%? CGX has an unsustainable 167% payout ratio to free cash flow. Their PE is pricey. They've spent a lot of non-movie ventures, but movies still account for 45% of business plus 25% in concessions. They need people coming into movie to attain growth. You can buy a little of this like around $23. It's an okay name, but has risk.

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