Bernard Horn Comments on Regal Entertainment

- By Holly LaFon

U.S. movie theater operator, Regal Entertainment ( NYSE:RGC ), gained markedly on news of Cineworld Group's interest in acquiring Regal for a large premium. With this acquisition, Cineworld will become the second largest theater chain in the world, with a foothold in the U.S., Central/Eastern Europe and the U.K. The Fund began the purchase of Cineworld during the quarter, as the company presented a compelling investment opportunity, with an attractive valuation, healthy cash flows, proven business operations and history of immediately accretive acquisitions.

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• RGC 15-Year Financial Data

• The intrinsic value of RGC

• Peter Lynch Chart of RGC

From the Polaris Global Value Fund fourth quarter 2017 shareholder letter.

This article first appeared on GuruFocus.

• Warning! GuruFocus has detected 4 Warning Signs with XKRX:005935. Click here to check it out.

• RGC 15-Year Financial Data

• The intrinsic value of RGC

• Peter Lynch Chart of RGC