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Cineplex Inc T.CGX

Alternate Symbol(s):  T.CGX.DB.B | CPXGF

Cineplex Inc. is a Canadian brand that operates in the film entertainment and content, amusement and leisure, and media sectors. The Company's segments include Film Entertainment and Content, Media, and Location-Based Entertainment. It offers over 170 movie theatres and location-based entertainment venues. In addition to being a film exhibitor, the Company operates Canada's destination for Eats & Entertainment (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion). It also operates businesses in digital commerce (CineplexStore.com), alternative programming (Cineplex Events), motion picture distribution (Cineplex Pictures), cinema media (Cineplex Media) and digital place-based media (Cineplex Digital Media). The Company is a partner in Scene+, Canada's entertainment and lifestyle loyalty program.


TSX:CGX - Post by User

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Post by YoungMoneybabyon Jun 15, 2020 11:33am
193 Views
Post# 31151219

Be cautious buying in a red market.

Be cautious buying in a red market.Market is trending into a bear market. Don't try to catch a falling knife right now. Lots of buying opportunities here considering it's a long recovery for cineplex and the high was sub $25 before deal. With debt mounting and loss of 2/3 of seating you are going to see some brutal realizations for the company. Be carfull in stock that are getting hit for real by the crisis. This was greatly overbought due to the looming deal ( I got in in the $9 range and sold between 14-15 when I noticed the changes with GDP). I think we are going to see lows for 2 weeks with a recovery later.
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