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5i Report

Review of Cineplex

JAN 09, 2020 - We are dropping coverage as Cineplex has announced it will be taken over by UK-based Cineworld. Shares are to be de-listed from the TSX following the transaction.

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Q: Hi 5i team,

What’s your thoughts on Cineplex at its current price at around $8 per share after the recent price drop of 18% on Tuesday? It seems to have been hit hard due to the failed deal and bad earnings. The price drop seems to be too much with some of their theatres opening up again. Do you see this as a potential play for a strong bounce over the next 12 months?

Thanks as always,

Read Answer Asked by Jonathan on July 02, 2020
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