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 Apr, 25, 2019, 8:16 am

24.50 0.06 (0.25%)

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

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COMMENT
Cineplex Inc(CGX-T) 

April 10, 2019

They are diversifying away from movies through the Rec Room and launching more. They have to invest money in building this operation, so it'll take a few years before the Rec Room adds to the revenue stream. This will make Cineplex an all-around entertainment centre, not just movies. They're also moving into e-gaming. All this takes time to add to revenues and requires some debt now. The stock in 2017 came off because of weak movie releases and the general overhang in this sector is Netflix. But good movies will sell movie tickets.

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They are diversifying away from movies through the Rec Room and launching more. They have to invest money in building this operation, so it'll take a few years before the Rec Room adds to the revenue stream. This will make Cineplex an all-around entertainment centre, not just movies. They're also moving into e-gaming. All this takes time to add to revenues and requires some debt now. The stock in 2017 came off because of weak movie releases and the general overhang in this sector is Netflix. But good movies will sell movie tickets.

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$24.130
Owned Owned
Unknown

COMMENT
Cineplex Inc(CGX-T) 

April 9, 2019

Are the Rec Rooms really profitable? Their costs seems high, according to their reports. CGX is competing with streaming companies--not only Netflix, but Disney and others. But they have done a great job increasing their revenue in areas of food. Many people have big TV screens, too, which is another problem. CGX has been creative in bringing opera, live hockey and gaming to its cinemas.
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Are the Rec Rooms really profitable? Their costs seems high, according to their reports. CGX is competing with streaming companies--not only Netflix, but Disney and others. But they have done a great job increasing their revenue in areas of food. Many people have big TV screens, too, which is another problem. CGX has been creative in bringing opera, live hockey and gaming to its cinemas.
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Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$24.090
Owned Owned
No

BUY
Cineplex Inc(CGX-T) 

April 8, 2019

He is looking at CGX-T as it has a fat dividend yield and the stock has come way off. It has been very well managed over the years. If they are successful on their games room they will do well. There could be an uptick in movie attendance over the next year. The only issue is that CGX's debt is constantly expanding. (Analysts’ price target is $31.00)
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He is looking at CGX-T as it has a fat dividend yield and the stock has come way off. It has been very well managed over the years. If they are successful on their games room they will do well. There could be an uptick in movie attendance over the next year. The only issue is that CGX's debt is constantly expanding. (Analysts’ price target is $31.00)
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Bruce Murray

CEO & Chie, The Murray Wealth Gr...

Price Price
$24.300
Owned Owned
Unknown

BUY
Cineplex Inc(CGX-T) 

April 1, 2019

It's been a disaster for three years, but their multiple is slightly less than its U.S. peers and has a better balance sheet and further ahead in diversifying away from movie-going. It has one of the best management teams in Canada, but there's a misconception that movie-going is dead. That's incorrect. The dividend is safe. They've raised ticket prices and popcorn. The dividend is safe, because they're spending cash on growth projects. Their Rec Room has been doing very well, but be patient with Cineplex with a 2-3 time horizon.
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It's been a disaster for three years, but their multiple is slightly less than its U.S. peers and has a better balance sheet and further ahead in diversifying away from movie-going. It has one of the best management teams in Canada, but there's a misconception that movie-going is dead. That's incorrect. The dividend is safe. They've raised ticket prices and popcorn. The dividend is safe, because they're spending cash on growth projects. Their Rec Room has been doing very well, but be patient with Cineplex with a 2-3 time horizon.
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Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$24.300
Owned Owned
Unknown

WEAK BUY
Cineplex Inc(CGX-T) 

March 26, 2019

It's been a rollercoaster, killed in Q4. but he's expected a big year in the cinemas in Q2 and Q3 with a lot of box office money to be made. Also, the Rec Rooms and selling wine and beer in all theatres are good diversifiers. CGX competes with home video streaming, though. CGX is priced at a big discount to its profits in Q2 and Q3 and to its American peers. This is a contrarian play on move-going.
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It's been a rollercoaster, killed in Q4. but he's expected a big year in the cinemas in Q2 and Q3 with a lot of box office money to be made. Also, the Rec Rooms and selling wine and beer in all theatres are good diversifiers. CGX competes with home video streaming, though. CGX is priced at a big discount to its profits in Q2 and Q3 and to its American peers. This is a contrarian play on move-going.
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David Baskin

President, Baskin Wealth Manage...

Price Price
$24.000
Owned Owned
Yes

DON'T BUY
Cineplex Inc(CGX-T) 

March 25, 2019

They're up against streaming like Apple TV (announced today) and held hostage to the big movies they release--recent films have disappointed at the box office. Cineplex has diversified into the Rec Room. He has owned this. The 7.25% yield is sustainable and good. It's well-run, but in a changing industry and isn't sure they can keep up with changes. CGX is fairly valued now.
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They're up against streaming like Apple TV (announced today) and held hostage to the big movies they release--recent films have disappointed at the box office. Cineplex has diversified into the Rec Room. He has owned this. The 7.25% yield is sustainable and good. It's well-run, but in a changing industry and isn't sure they can keep up with changes. CGX is fairly valued now.
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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$24.000
Owned Owned
No

DON'T BUY
Cineplex Inc(CGX-T) 

February 25, 2019

He's owned this from time to time, but CGX is frustrating. It plays the movie pipeline, hits or misses, the stock rises or falls. A good dividend player, but there are better dividend stocks.
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He's owned this from time to time, but CGX is frustrating. It plays the movie pipeline, hits or misses, the stock rises or falls. A good dividend player, but there are better dividend stocks.
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Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$24.910
Owned Owned
No

HOLD
Cineplex Inc(CGX-T) 

February 21, 2019

Growth rates have come down. It is a box office name. They have diversified but BO is still 75% of their revenues. in the end they are modeling 11% earnings growth. Trading at 19 times 2019 earnings. Dividend is safe-ish.
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Growth rates have come down. It is a box office name. They have diversified but BO is still 75% of their revenues. in the end they are modeling 11% earnings growth. Trading at 19 times 2019 earnings. Dividend is safe-ish.
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$24.760
Owned Owned
No

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

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