Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Cineplex Inc T.CGX

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

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

<< Previous
Bullboard Posts
Next >>
Post by incomedreamer11on Sep 08, 2022 9:56am
247 Views
Post# 34949114

TD comment

TD commentCommunications - Canadian small-cap model portfolio

We are removing Cineplex Inc. (CGX-T, portfolio weight 2.5%).

Our addition of Cineplex late last year was on its potential earnings turnaround. Although we did see an initial positive turn in Cineplex's earnings momentum, forward earnings were considerably reduced on Q2/F22 results last month (2022: -$0.11 to -$0.40; 2023: $1.23 to $1.01, Exhibit 4). This led to a breakdown in share price below its near-term support level. With high year-over-year earnings growth expectations (potential for further negative revisions, in our view), combined with Cineplex's relatively high price and earnings variability, we are removing Cineplex at this time.
<< Previous
Bullboard Posts
Next >>