Cineplex Inc | StockChase
389
Cineplex Inc (CGX-T)

Last Price Recorded: $38.9300 on 2017-12-14

ON STOCKCHASE SINCE May 2004

Movie theaters

other services
389
Cineplex Inc (CGX-T)

Last Price Recorded: $38.9300 on 2017-12-14

ON STOCKCHASE SINCE May 2004

Movie theaters

other services

Cineplex Inc


Signal Opinion Expert
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. 

other services
Bruce Murray

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

PricePrice
$38.850
Owned Owned
Unknown

COMMENT
Cineplex Inc(CGX-T) 

December 5, 2017

Got stopped out of this in the summer. This and all the theatre operators went through a very difficult summer because Hollywood failed to deliver anything interesting. Over the long run, this company will still have a place in the Canadian consumers mindset, and in addition they are doing all kinds of extra things.

other services

Got stopped out of this in the summer. This and all the theatre operators went through a very difficult summer because Hollywood failed to deliver anything interesting. Over the long run, this company will still have a place in the Canadian consumers mindset, and in addition they are doing all kinds of extra things.

other services
Mike S. Newton, CIM FCSI

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$38.970
Owned Owned
No

BUY
Cineplex Inc(CGX-T) 

December 1, 2017

There is a secular story and a cyclical story and the two have converged.  It is well run.  The problem is the movies.  He is looking at it.  It is attractive in the $50 range after tax loss selling.

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There is a secular story and a cyclical story and the two have converged.  It is well run.  The problem is the movies.  He is looking at it.  It is attractive in the $50 range after tax loss selling.

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Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$38.250
Owned Owned
Unknown

COMMENT
Cineplex Inc(CGX-T) 

November 27, 2017

2015-2016 were the best years for the box office. Attendance at movies has been sliding since 1980. However, this company has been able to raise concession prices by 60% since 2005. They’ve also been able to raise ticket pricing. They are miles ahead of the competition. Their goal is to generate two thirds of EBITDA from non-movie related activities over the next 5 years. The month of November looks to be amazing. Dividend yield of 4.5%.

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2015-2016 were the best years for the box office. Attendance at movies has been sliding since 1980. However, this company has been able to raise concession prices by 60% since 2005. They’ve also been able to raise ticket pricing. They are miles ahead of the competition. Their goal is to generate two thirds of EBITDA from non-movie related activities over the next 5 years. The month of November looks to be amazing. Dividend yield of 4.5%.

other services
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$36.910
Owned Owned
Yes

DON'T BUY
Cineplex Inc(CGX-T) 

November 23, 2017

All the people who bought during the uptrend are underwater, and there are a lot of them. You have to wait until the oversupply is digested. It has a long way to go. At least a couple of years, and maybe $10 on the downside would be a minimum.

other services

All the people who bought during the uptrend are underwater, and there are a lot of them. You have to wait until the oversupply is digested. It has a long way to go. At least a couple of years, and maybe $10 on the downside would be a minimum.

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William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$37.020
Owned Owned
Unknown

TOP PICK
Cineplex Inc(CGX-T) 

November 10, 2017

Has lost altitude, partly because of Hollywood’s bad products. Is the decline in attendance systemic or cyclical? She thinks it is cyclical. They’ve put in initiatives to diversify away from the box office, including growing its digital media business, eSports franchise, and opening Rec Room restaurants. Dividend yield of 4.7%. (Analysts’ price target is $44.50.)

other services

Has lost altitude, partly because of Hollywood’s bad products. Is the decline in attendance systemic or cyclical? She thinks it is cyclical. They’ve put in initiatives to diversify away from the box office, including growing its digital media business, eSports franchise, and opening Rec Room restaurants. Dividend yield of 4.7%. (Analysts’ price target is $44.50.)

other services
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$36.500
Owned Owned
Yes

PARTIAL SELL
Cineplex Inc(CGX-T) 

November 6, 2017

Expects there will be a little more tax loss selling on this. Hasn't owned this for years and years because he finds the valuation is too high for its growth profile. Big blockbuster movies will come and go, which will give you kind of a lumpy earnings. They are trying to diversify a little into related businesses. There are a lot of cheaper plays in media.

other services

Expects there will be a little more tax loss selling on this. Hasn't owned this for years and years because he finds the valuation is too high for its growth profile. Big blockbuster movies will come and go, which will give you kind of a lumpy earnings. They are trying to diversify a little into related businesses. There are a lot of cheaper plays in media.

other services
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$38.460
Owned Owned
No

DON'T BUY
Cineplex Inc(CGX-T) 

October 26, 2017

He had been short and has covered.  The whole industry, including the US, has been under pressure.  There are longer term risks.  It has always traded at a premium and then they had a weak quarter.  He wonders what the long term future of this company is.  It is not cheap enough to make it interesting on the buy side.

other services

He had been short and has covered.  The whole industry, including the US, has been under pressure.  There are longer term risks.  It has always traded at a premium and then they had a weak quarter.  He wonders what the long term future of this company is.  It is not cheap enough to make it interesting on the buy side.

other services
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$38.240
Owned Owned
No

COMMENT
Cineplex Inc(CGX-T) 

October 16, 2017

It’s been nasty being a shareholder this year. It had a disastrous summer. There weren’t any good movies. Box office returns were down anywhere from 10% to 15%, which is going to hurt their bottom line. It looks like it will end the year down 1%-2% on the box office. The 2018 slate looks promising. They’ve done a great job in raising ticket prices, raising prices on food, and are light years ahead of the US competition, because they’ve expanded into other areas. Thinks they are going to be very successful. Will benefit from Sears and Target closing up shops, as they will be able to negotiate pretty good leases and acquire big sites to launch their entertainment centres. Even at $38, it is not a cheap stock, however it has a great business model. As the movies pick up, it can go a lot higher. 4.3% dividend yield.

other services

It’s been nasty being a shareholder this year. It had a disastrous summer. There weren’t any good movies. Box office returns were down anywhere from 10% to 15%, which is going to hurt their bottom line. It looks like it will end the year down 1%-2% on the box office. The 2018 slate looks promising. They’ve done a great job in raising ticket prices, raising prices on food, and are light years ahead of the US competition, because they’ve expanded into other areas. Thinks they are going to be very successful. Will benefit from Sears and Target closing up shops, as they will be able to negotiate pretty good leases and acquire big sites to launch their entertainment centres. Even at $38, it is not a cheap stock, however it has a great business model. As the movies pick up, it can go a lot higher. 4.3% dividend yield.

other services
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$38.320
Owned Owned
Unknown

HOLD
Cineplex Inc(CGX-T) 

October 12, 2017

He likes the insurance companies in the US. This recently did a spinoff of their smaller financial division. It has recently spiked over the last couple of months. Trading at 11X earnings with a decent growth rate. Insurance companies, particularly in the US, are going to move along with what is going to happen with interest rates. He likes insurance companies, but wouldn’t ignore large US banks. Dividend yield of 3%.

other services

He likes the insurance companies in the US. This recently did a spinoff of their smaller financial division. It has recently spiked over the last couple of months. Trading at 11X earnings with a decent growth rate. Insurance companies, particularly in the US, are going to move along with what is going to happen with interest rates. He likes insurance companies, but wouldn’t ignore large US banks. Dividend yield of 3%.

other services
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$38.560
Owned Owned
Yes

PARTIAL BUY
Cineplex Inc(CGX-T) 

October 11, 2017

Fell back on a weak quarter because of a weak slate of movies. The next quarter will also be weak. For new clients, she buys a half a position, and slowly eases into it. There is nothing structurally wrong with the company, so doesn’t think the stock price will drop much further. It always trades at a premium to its US peers because of the large market share they have in Canada, over 80%. They have other revenue streams that are diversifying and growing, such as their rec rooms which have been doing quite well. Bringing E gaming into their theatres, and that sport seems to be gaining momentum. In a few years, those extras will make them less reliant on the movie slate.

other services

Fell back on a weak quarter because of a weak slate of movies. The next quarter will also be weak. For new clients, she buys a half a position, and slowly eases into it. There is nothing structurally wrong with the company, so doesn’t think the stock price will drop much further. It always trades at a premium to its US peers because of the large market share they have in Canada, over 80%. They have other revenue streams that are diversifying and growing, such as their rec rooms which have been doing quite well. Bringing E gaming into their theatres, and that sport seems to be gaining momentum. In a few years, those extras will make them less reliant on the movie slate.

other services
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$38.650
Owned Owned
Yes

COMMENT
Cineplex Inc(CGX-T) 

October 4, 2017

Has a Short position. It is so widely held by Canadians, portfolio managers, and virtually every mutual fund. Has always traded in a band of $48 and $52. Their Q2 numbers were way down as a result of a very poor box office. People underestimated the cost of the launch of the new ventures, and it finally broke out of that band and gapped down to around $37. A good company, but trades at twice the valuation of its US peers.

other services

Has a Short position. It is so widely held by Canadians, portfolio managers, and virtually every mutual fund. Has always traded in a band of $48 and $52. Their Q2 numbers were way down as a result of a very poor box office. People underestimated the cost of the launch of the new ventures, and it finally broke out of that band and gapped down to around $37. A good company, but trades at twice the valuation of its US peers.

other services
Jerome Hass

Portfolio Manager, Lightwater Partners...

PricePrice
$39.660
Owned Owned
Yes

HOLD
Cineplex Inc(CGX-T) 

October 3, 2017

Has always admired management. It’s important to understand that they don’t make movies, so if Hollywood makes lousy movies that no one wants to see, this company suffers. They have figured out something to do about this and have basically diversified their revenue. Created Rec rooms, which are basically man caves for millennials with a bar and a restaurant and a lot of great games to play. They’ve been brilliant in establishing new revenue lines. However, at the end of the day, people have to go to the movies and they have to be good movies. He is looking for a very strong 4th quarter with strong new releases. Dividend yield of over 4%.

other services

Has always admired management. It’s important to understand that they don’t make movies, so if Hollywood makes lousy movies that no one wants to see, this company suffers. They have figured out something to do about this and have basically diversified their revenue. Created Rec rooms, which are basically man caves for millennials with a bar and a restaurant and a lot of great games to play. They’ve been brilliant in establishing new revenue lines. However, at the end of the day, people have to go to the movies and they have to be good movies. He is looking for a very strong 4th quarter with strong new releases. Dividend yield of over 4%.

other services
David Baskin

President, Baskin Wealth Manage...

PricePrice
$39.260
Owned Owned
Yes

TOP PICK
Cineplex Inc(CGX-T) 

September 26, 2017

He likes to look at contrarian opportunities. This is a monopoly movie distribution business in Canada. It had a lousy quarter, and is going to have a lousy quarter coming up. He looks at this like a commodity. Movie cycles come and go. There is good hope on the screen looking forward. It has become a wonderful value opportunity to buy a depressed stock. Dividend yield of 4.4%. (Analysts’ price target is $48.)

other services

He likes to look at contrarian opportunities. This is a monopoly movie distribution business in Canada. It had a lousy quarter, and is going to have a lousy quarter coming up. He looks at this like a commodity. Movie cycles come and go. There is good hope on the screen looking forward. It has become a wonderful value opportunity to buy a depressed stock. Dividend yield of 4.4%. (Analysts’ price target is $48.)

other services
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$38.010
Owned Owned
Yes

WAIT
Cineplex Inc(CGX-T) 

September 25, 2017

Great management team that has been executing flawlessly.  One little hiccup can really hammer this stock.  All the cinema stocks have come down in North America.  CGX-T is looking at some high growth avenues like amusement centers to grow.  He is going to wait for a few quarters.

other services

Great management team that has been executing flawlessly.  One little hiccup can really hammer this stock.  All the cinema stocks have come down in North America.  CGX-T is looking at some high growth avenues like amusement centers to grow.  He is going to wait for a few quarters.

other services
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$38.530
Owned Owned
No

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