Cineplex Inc T.CGX

Cine world and cineplex will deal

[extremerisk]

Before this goes to court a deal will be done.  Court date in September.  A game of chucked going on now.  In cine world can keep price down can justify a lower take over price.  Bigger holders in cineplex abould double down now to push it up. You know landlord like Riocan will be fully supportive as is government with wage assistance.  Average pandemic lasts 18 months.  We are now at About 11 so only 7 more to go.  Also that was in past without a vaccine.  Now we have a vaccine.  All pandemics since time began fizzle out.  Cineplex is best beaten up stock out there now IMO.

[Contrarian333]

There are going to be a lot of empty cash burning theatres for a longer than people are anticipating and that the share price is curretly discounting.  I see this getting worse before it gets better - and better is only a return to the slow demise of the industry now accelerated by the actions of the movie production companies wrt how they will distribute their films in the future.  This

[ndiamond]

I added to my position today.     Am comfortable buying at these low levels...

[tonyturbo]

I'm with you on this one Shilo 

[Contrarian333]

I re shorted today.  I'm comfortable shorting at these unsustainable high prices.

[ndiamond]

If you are shorting, you probably want to cover before you lose even more $$. I continue to add.   This is still cheap.

[Contrarian333]

In what way is it cheap?

[Iliveinavan]

Same...trimmed off some oil profits to add here....long.

[BoredDeveloper]

Yes.  A lot of people appear to only be thinking about cinema closures due to COVID. Even when (and if) cinemas do reopen, they need something to show.  Hollywood has already postponed a bunch of last year's releases till at least later this year, and production won't catch up until months after cinemas open (since they're both waiting on vaccines, basically). In the long