Good News!Preliminary numbers are out. Combined with the good news about being open at 100% capacity, CGX could see a boost today. From TD WebBroker:
CGX will report Q1/22 results on May 13. We expect adjusted EBITDA of $28.1mm vs. -$30.1mm last year, above consensus of $24.8mm
We believe that the movie industry has turned the corner and, strong demand for theatrical movie experiences when coupled with strong supply of film product, we expect CGX's financial performance to significantly improve
All-in, we continue to argue that CGX shares offer compelling upside for investors with higher risk tolerances (and longer investment horizons).
GLTA!