Just initiated starter positionMacros aren't looking good for this company. Regardless of another shutdown or not in Canada, people won't be watching movies with cases this high... but i'm bulish on the valuation and what I think will happen in the next few months.
With the amount of debt Cineplex has, they'll probably need to sell some real estate soon, probably a few theatres first as Rec Rooms are bringing in revenue. This is actually a good thing if they sell in hot real estate markets like Vancouver and Toronto. It'll give them quick cash and less expenses to maintain these threatres, why the world fights this pandemic and a vaccine is circulated widely next year.
At a < $500 mil market cap, this is a sensible trade looking 6 months ahead based. Will add more on weakness.