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Cineplex Inc (CGX-T) opinion on 2017-09-12

Last Price Recorded: 37.0200 on 2017-11-23

ON STOCKCHASE SINCE May 2004

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HOLD

Christine Poole
Cineplex Inc was $38.580 at time of opinion
Owned : Yes

Had been buying for new clients earlier this year and unfortunately, they are underwater. If you own, you should keep holding it. Yields over 4%, so you are getting paid to wait. The traffic into theatres was obviously soft, which she thinks was the movie slate. 2015 and 2016 were both record banner years. In the last 4-5 years, box office sales have continued to increase, as well as the number of tickets sold. Thinks the slate will improve. Management is trying to diversify out of just being in theatres, and making investments in the Rec Room, online gaming, Top Golf, etc. There is no rush to buy right away, because we know the 3rd quarter is going to be soft. If thinking longer-term, you can slowly start to add here.

BULLISH

All opinions for CGX-T (385)

68 BUY
23 BUY on WEAKNESS
52 COMMENT
24 DON'T BUY
25 HOLD
1 PARTIAL BUY
3 PARTIAL SELL
73 PAST TOP PICK
4 SELL
1 SPECULATIVE BUY
1 STRONG BUY
92 TOP PICK
8 WAIT
6 WATCH
4 WEAK BUY
View All

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All opinions for CGX-T (385)

68 BUY
23 BUY on WEAKNESS
52 COMMENT
24 DON'T BUY
25 HOLD
1 PARTIAL BUY
3 PARTIAL SELL
73 PAST TOP PICK
4 SELL
1 SPECULATIVE BUY
1 STRONG BUY
92 TOP PICK
8 WAIT
6 WATCH
4 WEAK BUY
View All

More experts covering CGX-T

SAVE
Add CGX-T to Watch List

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