I believe that movie theatres are a thing of the past, as streaming services are all anybody watches these days. And maybe some people just wanted to cash out while they can. Check out our wiki and Discord! Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Was snooping at some prepaid plans in Australia, and HOLY-MOLEY, we are getting scammed up here.
No way I'm buying stock in them though. What do you guys think about movie theatre stocks, such as Cineplex (CGX.TO) in the short term (1 year) and long run (3-5 years)? Luckily movie makers still want their movies to open in theaters first.
Tesla is also not on S&P. It still has to be reviewed by Industry Canada under the Investment Canada Act. Wouldn't all shareholders be guaranteed $34 or is the lower price because people are scared the deal might somehow fall through? Since then the price of the shares jumped to around $34 and stayed there until a few days ago where it is now under $33.
Too much uncertainty and for me personally the risk reward ratio isn't appealing.
Hence the stocks are trading at a discount. Whenever there's a deal, there's usually some degree of doubt that the deal might not close. In December it was announced that Cineworld would buy out Cineplex at $34 a share. New comments cannot be posted and votes cannot be cast, More posts from the PersonalFinanceCanada community, Continue browsing in r/PersonalFinanceCanada, Press J to jump to the feed. I would rather watch Netflix at home - so much easier and cost efficient. There's also the possibility that the market thinks Cineplex's future results won't be great and Cineworld will reduce its offer.
My question is basically why would the price drop below $34 if the deal's already been approved? In December it was announced that Cineworld would buy out Cineplex at $34 a share. Both Air Canada (TSX:AC.B) and Cineplex Inc are trading at very low prices right now. I believe that movie theatres are a thing of the past, as streaming services are all anybody watches these days.
Almost any post related to stocks is welcome on /r/stocks. Press question mark to learn the rest of the keyboard shortcuts. Hello PFC, this may be a stupid question, but can anyone explain CGX's stock price.
They have a virtual monopoly on movie theatres in Canada. The Rogers, Bell, and Telus Networks of Australia give, [pre-paid 365 Days, Averaged Values/Month on BYOD Plans] = $10 – 10GB, $25 – 20 GB, $28 – 40.50 GB, respectively. CGX Stock Performance-----Cineplex Inc., formerly known as Cineplex Galaxy Income Fund and Galaxy Entertainment Inc. is a Canadian entertainment company headquartered in Toronto, Ontario.Through its operating subsidiary Cineplex Entertainment LP, Cineplex operates 165 theatres across Canada. went last Wednesday and my theatre was sold out of the severe reduced capacity. Since then the price of the shares jumped to around $34 and stayed there until a few days ago where it is now under $33. As of the end of last week, both stocks were down around 60% since the … I would stay away for now. Shareholders probably think they can take $33 and grow it to some amount above $34 in the next 6 months.
I'm finally heading my exit point if that says anything.... As an older person, I love going to the movie theater. When you did your due diligence on their numbers, growth prospects, risk exposure, etc...what did you conclude?
CGX is only removed from S&P index - not the stock exchange (TSX). Image source: Getty Images . Press question mark to learn the rest of the keyboard shortcuts. With that being said - Cineplex has been beat down and will probably come back to some degree in the medium term. Press question mark to learn the rest of the keyboard shortcuts. If they survive Covid, stock will recover. Too much risk for me. As a result, the stock will trade below the offer price. At what date would shareholders receive the $34 though?
It happened because CGX's earnings in the last quarter were close to Zero as all theaters were closed. There is also a petition from independent theatres to the Competition Bureau about anti-competitive practices. Hello PFC, this may be a stupid question, but can anyone explain CGX's stock price.
What do you guys think about movie theatre stocks, such as Cineplex (CGX.TO) in the short term (1 year) and long run (3-5 years)?
More posts from the PersonalFinanceCanada community, Continue browsing in r/PersonalFinanceCanada, Press J to jump to the feed. Press J to jump to the feed. Theatres were declining pre-covid, so I can see it being the death knell. I don't have the time or motivation to do proper due diligence on any individual companies. I do however hold a small sliver of CGX (and almost all publicly traded companies worldwide) through a total market index fund, such as VBAL, if that helps. Suppose it is 6 months from now.
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