Cineplex Inc T.CGX

Bankruptcy

[Frederic]

well written article . I would not touch this stock 

https://seekingalpha.com/article/4357105-cineplex-is-signalling-potential-bankruptcy

[Frederic]

https://seekingalpha.com/article/4357105-cineplex-is-signalling-potential-bankruptcy

[Tommy123]

This post has been removed in accordance with Community Policy

[Banana1]

Obviously a shorter.... but there is lots they can do, subscription based streaming as they own the rights to enough blockbuster movies, they could do pop up drive in movies they could rent theatres out for private showings of movies the list goes on. theres lots that could be done, let’s see what they actually do in the next few weeks before bashing them... they have a competent management team,

[Frederic]

I'm not a shorter . I'm just a guy who knows this company all too well , going back to when Ellis and dan were  running galaxy . It's been Highly mismanaged to the point  since about 2016 . It's been obvious for years as they could not even break even after dividends on a GAAP basis   be careful and good luck 

[flamingogold]

Subscription based streaming? already a crowded market. People are willing to pay up for new subscription content, not so much for older content, even blockbusters. Nothing beats new. Pop up drive-ins? This is a fad and not sustainable in our colder climate. Private showings? Too niche, this is opposite to their model which is based on increasing capacity/sq. ft which is multiple screens in a