Cineplex Inc

CGX-T

TSE:CGX

33.81
0.01 (0.03%)
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
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.

WATCH
WATCH
May 7, 2018

He is taking a look at it. He has never owned it. Cinemas were said to be dying. The whole industry has changed and they are thriving. The business model seems to be here to stay. He would take a look at it. 5.7% yield.

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He is taking a look at it. He has never owned it. Cinemas were said to be dying. The whole industry has changed and they are thriving. The business model seems to be here to stay. He would take a look at it. 5.7% yield.

BUY
BUY
May 4, 2018

Great management team. Netflix (NFLX-O) and at-home entertainment has been killing them. A stock that you look at and you want to buy it. He is just not there yet. They are having new initiatives like the rec rooms. This summer is going to be the tell because there is a very strong slate of movies.

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Great management team. Netflix (NFLX-O) and at-home entertainment has been killing them. A stock that you look at and you want to buy it. He is just not there yet. They are having new initiatives like the rec rooms. This summer is going to be the tell because there is a very strong slate of movies.

BUY
BUY
May 3, 2018

What happened over the last year he was waiting for 4 years to happen. Most cash flow does not come from the ticket but from the food. It has finally hit the company that traffic is lower and will be forever. The stock has now reached the level it was going to drop to anyway. This is the time to average down.

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What happened over the last year he was waiting for 4 years to happen. Most cash flow does not come from the ticket but from the food. It has finally hit the company that traffic is lower and will be forever. The stock has now reached the level it was going to drop to anyway. This is the time to average down.

BUY
BUY
May 3, 2018

They missed earnings just yesterday. Box office is still 70% of their revenues. Trading at 23 times 2018 the stick is still not cheap. They are growing the other businesses. The film slate will probably come back. The balance sheet is stable. Paying a 6% dividend.

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They missed earnings just yesterday. Box office is still 70% of their revenues. Trading at 23 times 2018 the stick is still not cheap. They are growing the other businesses. The film slate will probably come back. The balance sheet is stable. Paying a 6% dividend.

BUY
BUY
April 26, 2018

The world has gone negative on it. There was a perfect storm last year. AMZN-Q was going to clobber them. A lot of bad news has been baked into this stock. They are at 65% payout ratio so it is safe. He is looking at it because they are down and dirty. Bad news will be over on a go forward basis, he thinks.

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Cineplex Inc (CGX-T)
April 26, 2018

The world has gone negative on it. There was a perfect storm last year. AMZN-Q was going to clobber them. A lot of bad news has been baked into this stock. They are at 65% payout ratio so it is safe. He is looking at it because they are down and dirty. Bad news will be over on a go forward basis, he thinks.

BUY
BUY
April 23, 2018

Starting buying this in 2001. It worked beautifully. Cineplex has raised prices, has put customers in premier offerings and diversified its offerings. The yield is safe though unsure it it will rise. Getting 10% free cash flow yield. Wouldn't be surprised if private equity or an activist stockholder stepped in. He's still a firm believer in CGX, a very viable company.

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Cineplex Inc (CGX-T)
April 23, 2018

Starting buying this in 2001. It worked beautifully. Cineplex has raised prices, has put customers in premier offerings and diversified its offerings. The yield is safe though unsure it it will rise. Getting 10% free cash flow yield. Wouldn't be surprised if private equity or an activist stockholder stepped in. He's still a firm believer in CGX, a very viable company.

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