Cineplex Inc

CGX-T

TSE:CGX

8.09
0.10 (1.22%)
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
COMMENT
COMMENT
August 21, 2018

It had a very long uptrend, then broke below its 200-day average. Above the 50-day moving average means the short-term trend is up, which is positive, but he'd like to see a rise above the 200-day.

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Cineplex Inc (CGX-T)
August 21, 2018

It had a very long uptrend, then broke below its 200-day average. Above the 50-day moving average means the short-term trend is up, which is positive, but he'd like to see a rise above the 200-day.

HOLD
HOLD
August 16, 2018

Last year did not perform well. His guidance is to hold it a little longer, and try to get some capital back. Dividend yield is sustainable. May want to consider selling over the next quarter or 2 and cut your losses. Yield is 5.4%

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Cineplex Inc (CGX-T)
August 16, 2018

Last year did not perform well. His guidance is to hold it a little longer, and try to get some capital back. Dividend yield is sustainable. May want to consider selling over the next quarter or 2 and cut your losses. Yield is 5.4%

WATCH
WATCH
August 10, 2018

Used to own, took profits. Looking at it again. Not your ordinary movie house, they’re becoming an entertainment centre, which is a trend. But a tricky business. Likes management. Down 22% and yield is 6%, which is the kind of stock he likes.

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Cineplex Inc (CGX-T)
August 10, 2018

Used to own, took profits. Looking at it again. Not your ordinary movie house, they’re becoming an entertainment centre, which is a trend. But a tricky business. Likes management. Down 22% and yield is 6%, which is the kind of stock he likes.

WEAK BUY
WEAK BUY
August 3, 2018

They have great market share in Canada, but people don’t want to go to movies any more. He views it as a hold for income and does not see the recent down turn as being that negative. They have the capacity to do some more acquisitions to go into the full entertainment space in the US – especially play spaces for adults. He sees this as a weak buy right now.

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Cineplex Inc (CGX-T)
August 3, 2018

They have great market share in Canada, but people don’t want to go to movies any more. He views it as a hold for income and does not see the recent down turn as being that negative. They have the capacity to do some more acquisitions to go into the full entertainment space in the US – especially play spaces for adults. He sees this as a weak buy right now.

COMMENT
COMMENT
July 24, 2018

An intersting, well-managed company, but lacks blockbuster movies in the past year. Hand it to them for the Rec Room, though, for creating an entertainment centre. Short term, Cineplex depends on blockbusters. Be cautious here.

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Cineplex Inc (CGX-T)
July 24, 2018

An intersting, well-managed company, but lacks blockbuster movies in the past year. Hand it to them for the Rec Room, though, for creating an entertainment centre. Short term, Cineplex depends on blockbusters. Be cautious here.

PARTIAL BUY
PARTIAL BUY
July 10, 2018

She has owned this for years. The long pullback has created a buying opportunity. There have been some good films, so box office receipts should improve. In addition, the company is diversifying the ways it delivers entertainment, with more interactive activities that are fun for families, and is increasing the dollars per customer visit. This will not be a very growth-oriented company until the diversification’s value kicks in. There is risk because the company is drawing on its credit to fund its diversification.

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Cineplex Inc (CGX-T)
July 10, 2018

She has owned this for years. The long pullback has created a buying opportunity. There have been some good films, so box office receipts should improve. In addition, the company is diversifying the ways it delivers entertainment, with more interactive activities that are fun for families, and is increasing the dollars per customer visit. This will not be a very growth-oriented company until the diversification’s value kicks in. There is risk because the company is drawing on its credit to fund its diversification.

COMMENT
COMMENT
July 10, 2018

The narrative is that nobody is going to the movies anymore and are watching Netflix instead. Cineplex is still making a lot of money, but in five years will people still go to the movies? So, Cineplex is repositioning itself and investing in other areas like the Rec Room. It's smart that they're taking their box office revenues to build other areas. They can't build more cinemas. They have a reasonable valuation and they won't cut their dividend.

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Cineplex Inc (CGX-T)
July 10, 2018

The narrative is that nobody is going to the movies anymore and are watching Netflix instead. Cineplex is still making a lot of money, but in five years will people still go to the movies? So, Cineplex is repositioning itself and investing in other areas like the Rec Room. It's smart that they're taking their box office revenues to build other areas. They can't build more cinemas. They have a reasonable valuation and they won't cut their dividend.

BUY
BUY
July 5, 2018

He recently introduced it to his equity income portfolios. It did a deep dive and was yielding 6%. We have had a good run in movies. Q2 this year will be way ahead of Q2 last year. He likes the 'scene' program. It is a wonderful asset. It is a cheap stock and the dividend is safe. You could get a bounce.

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Cineplex Inc (CGX-T)
July 5, 2018

He recently introduced it to his equity income portfolios. It did a deep dive and was yielding 6%. We have had a good run in movies. Q2 this year will be way ahead of Q2 last year. He likes the 'scene' program. It is a wonderful asset. It is a cheap stock and the dividend is safe. You could get a bounce.

COMMENT
COMMENT
July 4, 2018

He holds this. They're diversifying into the Rec Room and golfing. The stock is basing now. The dividend is safe and generous at 5.8%. Maybe put a stop loss based on your risk tolerance, maybe using the old lows. Yes, it's been a slight disappointment, but there are better movies this year that'll help their box office.

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Cineplex Inc (CGX-T)
July 4, 2018

He holds this. They're diversifying into the Rec Room and golfing. The stock is basing now. The dividend is safe and generous at 5.8%. Maybe put a stop loss based on your risk tolerance, maybe using the old lows. Yes, it's been a slight disappointment, but there are better movies this year that'll help their box office.

PAST TOP PICK
PAST TOP PICK
June 20, 2018

(Past Top Pick, January 23, 2017, Down 37%) He sold his shares. We've gone through a strong movie season, but the stock hasn't moved much. He doubts the movie slate will be as good in the second half of 2018. This will be flat for some time to come.

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Cineplex Inc (CGX-T)
June 20, 2018

(Past Top Pick, January 23, 2017, Down 37%) He sold his shares. We've gone through a strong movie season, but the stock hasn't moved much. He doubts the movie slate will be as good in the second half of 2018. This will be flat for some time to come.

PAST TOP PICK
PAST TOP PICK
June 12, 2018

(A Top Pick May 17, 2017. Down 39%). This has been a disaster for him. The market has decided that people will never go to movies again, which is wrong. The number of people going to movies has gone down a little bit but box office revenue has been steady. Cineplex has additional revenue streams. They have rec rooms, like David & Busters in the United States, which is up significantly. In addition, Air Canada flights show movies from Cineplex, people watch Cineplex news feeds. Cineplex also gets more value add from its theatres by selling VIP seats where you can order a glass of wine and a sandwich. Cineplex is also hosting video game tournaments in its theatres, packing people in to play or watch. This can take the average ticket from $15 to $50. He thinks the investment public has gotten Cineplex wrong and thinks the stock will rise back to $40 or $45. He is still buying it.

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Cineplex Inc (CGX-T)
June 12, 2018

(A Top Pick May 17, 2017. Down 39%). This has been a disaster for him. The market has decided that people will never go to movies again, which is wrong. The number of people going to movies has gone down a little bit but box office revenue has been steady. Cineplex has additional revenue streams. They have rec rooms, like David & Busters in the United States, which is up significantly. In addition, Air Canada flights show movies from Cineplex, people watch Cineplex news feeds. Cineplex also gets more value add from its theatres by selling VIP seats where you can order a glass of wine and a sandwich. Cineplex is also hosting video game tournaments in its theatres, packing people in to play or watch. This can take the average ticket from $15 to $50. He thinks the investment public has gotten Cineplex wrong and thinks the stock will rise back to $40 or $45. He is still buying it.

DON'T BUY
DON'T BUY
June 7, 2018

He sold it too early. Pays a 6% dividend at 23x earnings. They diversified their businesses which are maturing and paying off now. But he worries about audiences changing their viewing habits, meaning watching from home or downloading for free, especially by young people. He'd rather buy this at 15x earnings. Also, not every year do you get blockbuster movies.

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Cineplex Inc (CGX-T)
June 7, 2018

He sold it too early. Pays a 6% dividend at 23x earnings. They diversified their businesses which are maturing and paying off now. But he worries about audiences changing their viewing habits, meaning watching from home or downloading for free, especially by young people. He'd rather buy this at 15x earnings. Also, not every year do you get blockbuster movies.

WATCH
WATCH
June 4, 2018

It had quite a setback including its earnings. They are getting to a level which is maybe cheap enough. He wants to let some more time go under the market's feet before getting back in again. Rushing in may not be a good idea.

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Cineplex Inc (CGX-T)
June 4, 2018

It had quite a setback including its earnings. They are getting to a level which is maybe cheap enough. He wants to let some more time go under the market's feet before getting back in again. Rushing in may not be a good idea.

DON'T BUY
DON'T BUY
June 1, 2018

The dividend in unsafe. They did a great job growing concessions over the years with their VIP program, but this has stalled. New ventures like Top Golf and the Rec Room are new avenues of revenue. The dividend is nearly 6% and CGX is paying nearly 100% earnings. They face secular headwinds. The stock price is washed-out.

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Cineplex Inc (CGX-T)
June 1, 2018

The dividend in unsafe. They did a great job growing concessions over the years with their VIP program, but this has stalled. New ventures like Top Golf and the Rec Room are new avenues of revenue. The dividend is nearly 6% and CGX is paying nearly 100% earnings. They face secular headwinds. The stock price is washed-out.

DON'T BUY
DON'T BUY
May 25, 2018

He held it for years and sold it at $53, because it was getting expensive. Also, there was nothing left to do in the Canadian cinema industry after acquiring Famous Players, etc. They have a smart CEO. The Recroom and their new golfing game are good moves. But these new operations need time to raise the share price. By 2020, they want cinemas to occupy only 60% of their operations. It's still trades at a higher multiple than American counterparts.

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Cineplex Inc (CGX-T)
May 25, 2018

He held it for years and sold it at $53, because it was getting expensive. Also, there was nothing left to do in the Canadian cinema industry after acquiring Famous Players, etc. They have a smart CEO. The Recroom and their new golfing game are good moves. But these new operations need time to raise the share price. By 2020, they want cinemas to occupy only 60% of their operations. It's still trades at a higher multiple than American counterparts.

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