I have to admit I was a little surprised by the great earnings report.
I was actually expecting an earnings miss. So many people, for so many years have been negative on the stock saying nobody goes to the movies anymore, people watch movies at home, or on their computer, or on their phones.
All that may be true, but apparently a lot of people still like going to an actual theater.
Glad I've held
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I don't follow either company as close as I follow soon Cinemark, but I guess consolidation is usually a good thing. Agree ?
Is the Cinemark Pres & COO "outta here" because AMC has beaten CNK in the contest to
acquire CKEC ....?
Was buying CKEC assets CNK's last hope of major US growth ....and now that looks gone...????
As a CNK shareholder, it would have been nice to get those CKEC locations and theaters..........
CKEC largest shareholder says that its against the current AMC bid of $ 30 per share.
Which is a 19.5 % premium for the stock. Even though the CKEC Board of Directors
(the CEO of CKEC yes men) says its the best offer available.....
........why wouldn't CNK now come in with a $ 31.50 bid to win this contest from AMC.....????
Or go first to Mittelman Bros and other large shareholders and see what price the big investors
would accept before making the offer public....????
From how it looks now, I don't know what is worst.....the CKEC CEO & his lame BOD or the
late and timid CNK CEO for letting the CKEC assets go uncontested to a major US competitor...!!!
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an investment firm initiates coverage on Cinemark with a 'buy' rating, yet the stock is down 0.83% for the day.
Maybe the end is beginning for Cinemark ?
Wow.......CNK at $30.80 today....!
great price but it still looks like a falling knife
will force myself to wait at least until CNK goes under $ 30.00
$31.50 per share is a great value based price for CNK..........but has the current stock
price drop concluded its downward trend.....????
I don't know, only the market knows for sure..........
But I am watching this stock everyday, waiting for CNK to put in a meaningful bottom so
that I can add to my existing position of CNK so I can continue to hold this stock for a
least a few more years.
Strong US theater franchise with a healthy dividend as I wait for my buying opportunity.