Cineplex Inc CPXGF

Results.

[Frenchonporch]

Why is it tanking today after really good results?

Is there a busier board somewhere for Cineplex?

[EvertHovhannes]

Probably because of this: "2023 includes recovery of approximately $158.4 million related to the recognition of deferred income tax assets recognized during the second quarter" Results are not nearly as good as they look.

[widrig]

Solid numbers year over year. Writers strike is dragging share price . Once it's settled, and next quarter we get Barbie and  Mission impossible...... should be trading in the $15 range imo 

[EvertHovhannes]

That's an ongoing pressure on price for the past few weeks and resolution of the strike will be a positive catalyst. However, OP was asking about today's reaction to the earnings release. Looked great at a glance, but read the details and it's a mixed bag.

[Nibinator]

This post has been removed in accordance with Community Policy

[caretired1]

Not sure how we get to $15 with 900 million in debt they didnt have before, which by itself is 15 per share of debt

[Schussing56]

Same challenges as movie theatre companies have been experiencing for the last several years. People just aren't going to the movies as much anymore because they can sit at home and watch all the movies they want on Netflix. Cineplex also has an ongoing billion dollar lawsuit with Cinefile. If Cinefile ever pays that could result in a big jump in Cineplex's share price. Also, the Hollywood

[CashFlowADay]

There is so much wrong with this post. CGX should moon when the strike ends, not IF the strike ends. Cineplex maybe had its best July and August in who knows how many years?   Everyone has gone to the movies lately.   MAJOR movies coming in 2023.  Dune 2, Hunger Games, Marvel, there is a list of 10+ high quality movies.    Need the strike to end