Cineplex Inc

CGX-T

TSE:CGX

32.99
0.41 (1.23%)
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

Analysis and Opinions about CGX-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
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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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.

WATCH
WATCH
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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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.
HOLD
HOLD
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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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)
HOLD
HOLD
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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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.
PAST TOP PICK
PAST TOP PICK
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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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.
WATCH
WATCH
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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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.
COMMENT
COMMENT
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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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.
COMMENT
COMMENT
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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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.
DON'T BUY
DON'T BUY
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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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.
HOLD
HOLD
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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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.
BUY
BUY
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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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.
DON'T BUY
DON'T BUY
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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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.
WEAK BUY
WEAK BUY
November 14, 2018
Great managers who have built the business over the years. But they face the macro issue of Netflix. Now we see PE compression on high-growth stocks. Their opportunities to grow revenue, like adding games and offering wine, is good. But they depend on the quality of the movies. Long-term you will do well with this.
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Cineplex Inc (CGX-T)
November 14, 2018
Great managers who have built the business over the years. But they face the macro issue of Netflix. Now we see PE compression on high-growth stocks. Their opportunities to grow revenue, like adding games and offering wine, is good. But they depend on the quality of the movies. Long-term you will do well with this.
PAST TOP PICK
PAST TOP PICK
November 13, 2018
(A Top Pick Nov 10/17, Up 4%) Stock price has been flat and has made basically only the yield. They're diversifying their revenues (Rec Room, e-gaming) away from the box office which accounts for 70%. When the movie slate is strong, people do come and spend money at the concession counter. Younger people still go to theatres, even to the VIP cinemas. Movies have been strong, and people are spending once they get in there.
Show full opinionHide full opinion
Cineplex Inc (CGX-T)
November 13, 2018
(A Top Pick Nov 10/17, Up 4%) Stock price has been flat and has made basically only the yield. They're diversifying their revenues (Rec Room, e-gaming) away from the box office which accounts for 70%. When the movie slate is strong, people do come and spend money at the concession counter. Younger people still go to theatres, even to the VIP cinemas. Movies have been strong, and people are spending once they get in there.
TOP PICK
TOP PICK
November 1, 2018

He likes the chart a lot. It has had a really big pull back. He added in September. It flagged as showing momentum. The dividend yield is really good now after the pullback. I forged a beautiful base. (Analysts’ price target is $36.70)

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Cineplex Inc (CGX-T)
November 1, 2018

He likes the chart a lot. It has had a really big pull back. He added in September. It flagged as showing momentum. The dividend yield is really good now after the pullback. I forged a beautiful base. (Analysts’ price target is $36.70)

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