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Carmike Cinemas Inc. Message Board

  • pendlorian pendlorian Mar 10, 2011 10:08 AM Flag

    For you nervous Nellies

    This is an awesome buy opp, great chance to scoop a few more on fear. Has anything changed to the fundis since yesterday? No. Just the normal macros.

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    • upon further review, seems RJ is figuring a tax repercussion of 93 cents per share (large!) in the Screenvision deal being accounted for during the 2011 calender year Pen..vast remaining(15 mil or so) to be used to reduce overall debt....just for clarity...

    • will do Pen...though macro is tough this a.m., they really like my largest position in IOC today.....might want some of that yourself...have owned for three plus years and am a huge bull with it....

    • Plug that $30mil into the financial release today plus the gross profits coming from the joint venture and you equate a double net profit according to my math. A diamond in the rough Jcool. Then add the line up coming on schedule and the July blockbuster. I like this movie they're writing. So does Mr. Market that is quietly accumulating.

    • agree to my question yesterday, I see the cash on the balance sheet at 1.01....that's up from 35 cents, but my memory tells me they would not get that 30 million til after jan 1st...I therefore think it's not reflected in that 1.01 on the balance sheet...If you listened to Q and have something to add, then thanks in advance....

      • 1 Reply to j.coolaid
      • Jcool, read through the report, mgt is running conservative which is great. I believe they are very much in line with direction, grabbing market share and reinvesting into further enhancements to draw in patrons. The model is firmly in place, screenvision will be a plus in the next qtr, they definitely booked the $30 mil in this current qtr. I know you have been hanging onto the $30mil as a catalyst, it just took time. Realizing the $30mil, $15mil to pay down debt is a plus, (free money for those that understand accounting procedures)and moving forward with this new asset will prove positive on the next earnings. After todays action and selloff, ckec is now my largest holding. This is a very easy sector to follow, it is amazing at times the buy opp in the face of fear that is given to those that do not panic. I trust some others were able to buy some on the cheap today. I have never had more exposure in this stock than I currently hold. It trends higher for sure, and held very well with the vix over 21. I doubt it sells down into the weekend, but please give me another shot and I'll add further.

    • buying opportunities in many places today Pen...wish I had and extra large chunk( I'd settle for a million!) sitting around somewhere..always keep a buffer for days like today and fear, fear, fear! Definitely buying opportunity..

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