Post by
Therealfox on Sep 27, 2021 1:28pm
Covid fears were over rated
Back at the end of July covid predictions by our government, put cases at 9000 per day in Ontario by October 1st; with October first being a few days away and Ontario sits at 600 cases a day.... Coivd is just part of life now, very highly unlikely there will be another shutdown. Cineplex currently sideways trading, as predicted . Next quarter will be an important one, expect to see the recovery continue. Once one or two more quarters are in, shorts will be forced to cover and the stock will move up going into the spring 2022. Prediction of 20$ by March/april
Comment by
Schussing56 on Sep 30, 2021 8:48am
What about the lawsuit with UK's Cineworld. That deal certainly caused CGX's share price to rise so, an unfavourable outcome for Cineplex could put some pressure on. Conversely, the release of "No Time to Die," the new James Bond movie, could mean a massive uptick in revenues. Well over $1 billion I hope!
Comment by
Therealfox on Sep 30, 2021 12:37pm
Nothing will come of the lawsuit.. The stock has already corrected itself from that huge jump the day the court case started . I believe a huge stock market correction is coming for all the inflated stocked.. Cineplex has a very low PE ratio, this week the market has been terrible and the stock is little changed.. that's actually a sign of strength .