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Cineplex Inc (CGX-T) opinion on 2018-06-12

Last Price Recorded: 31.4300 on 2018-06-20

ON STOCKCHASE SINCE May 2004

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PAST TOP PICK

David Baskin
Cineplex Inc was $30.720 at time of opinion
Owned : Yes

(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.

UNKNOWN

All opinions for CGX-T (421)

76 BUY
23 BUY on WEAKNESS
62 COMMENT
30 DON'T BUY
29 HOLD
2 PARTIAL BUY
3 PARTIAL SELL
75 PAST TOP PICK
4 SELL
1 SPECULATIVE BUY
1 STRONG BUY
93 TOP PICK
9 WAIT
9 WATCH
4 WEAK BUY
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All opinions for CGX-T (421)

76 BUY
23 BUY on WEAKNESS
62 COMMENT
30 DON'T BUY
29 HOLD
2 PARTIAL BUY
3 PARTIAL SELL
75 PAST TOP PICK
4 SELL
1 SPECULATIVE BUY
1 STRONG BUY
93 TOP PICK
9 WAIT
9 WATCH
4 WEAK BUY
View All

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Add CGX-T to Watch List

Last 60 Days Opinions

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WATCH
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