Having record setting weekend. Margins im sure are smaller, but still think it's undervalued
I'm bullish on Cinemark
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Last: 2 yr ago by txaggieacct85
Heard of the strike?
I don't know man I kinda think it's time to sell…….
This might be the greatest example of past performance doesn't indicate future results in investing history. One good weekend and you're bullish on not just movies but movie theaters? That seems premature at a minimum. Significant pressure on the movie theater industry from the likes of Amazon and Netflix who make original content that doesn't ever see a theater screen. You're excited about a good weekend in the same month one of the expected summer winners in Indiana Jones bombed.
Then I look at Cinemark compared to places like Star Cinema. We haven't been to the Cinemark in CS in years because Star Cinema is a better movie theater experience. Unless Cinemark in bigger cities is nicer than the one here that's a problem for them to overcome.
I think this is one I'd stay away from. Way too much uncertainty here.
Then I look at Cinemark compared to places like Star Cinema. We haven't been to the Cinemark in CS in years because Star Cinema is a better movie theater experience. Unless Cinemark in bigger cities is nicer than the one here that's a problem for them to overcome.
I think this is one I'd stay away from. Way too much uncertainty here.
The federal government was never meant to be this powerful.
The Cinemarks where we live are nice. And it's not just one weekend. I thought people were done with theaters and they're clearly not done. When movie producers see these results more and more are going to start going to theaters first and Netflix after the fact.
I can tell Cinemark has done things to cut cost and their seating has already been upgraded to recliners .
I think the Cinemark Cut theatres with food service with waiters does well
I think they'll be back to pre pandemic revenues and net income. That would put them at about a nine PE which is low IMO.
The real question is are theatres back for the long haul and it appears they are back.
I'm also impressed with their CEO.
I can tell Cinemark has done things to cut cost and their seating has already been upgraded to recliners .
I think the Cinemark Cut theatres with food service with waiters does well
I think they'll be back to pre pandemic revenues and net income. That would put them at about a nine PE which is low IMO.
The real question is are theatres back for the long haul and it appears they are back.
I'm also impressed with their CEO.
Good info, thanks. Sounds like Cut is Cinemark equivalent of Star Cinema so yeah they have a better experience just not here. I'm not convinced we're going to see a mass return to theaters but now we're debating societal trends and that's anyone's guess.
The federal government was never meant to be this powerful.
TheBonifaceOption said:
Heard of the strike?
I mean I wasn't trying to be funny. But the last time there was a writers strike the value of entertainment took a 3 year cycle to recover. What you are seeing in theaters now and for the rest of the year are things that have already been written, filmed, and in post-production.
2024 is gonna be weak(er) in value. But hey, at least the dollar keeps inflating to hedge these loses.
We'll see how long the strike last
I bought more pre market this morning. It's up 4.13% so far this morning
Of all the places to make money in the market, this is where your heads at?
It's literally .3% of my portfolio. That's POINT three percent. And about Point one percent of my total assets.
Bing Bong
Bing Bong
And check back with me in a few weeks
Jackrabbit Ag
Joined:
Nov 2, 2009
Posts:
1,707
How long do you want to ignore this user?
txaggieacct85 said:
And check back with me in a few weeks
I've tried in the past without response.
You know, like when the market continued to climb after you advised to "go to cash"…
Haven't been to the movies in 7ish years. May never go back.
Cinemark set an all time record this past weekend. Looks like you're in the minority
I never said "go to cash". I said put some in cash
JSKolache said:
Haven't been to the movies in 7ish years. May never go back.
Same.
Is this TexAgs' version of Cramer?
No, but I did stay at a holiday inn last night.techno-ag said:
Is this TexAgs' version of Cramer?
Cinemark is up 8.25% in the last five days trading.
My small investment is up 4.4 % in unrealized gains.
My small investment is up 4.4 % in unrealized gains.
8.89% unrealized gain since I purchased shares on 7/24/2023
so you're saying I should lock in my 9% gain so its not perceived?Brian Earl Spilner said:
https://www.investopedia.com/terms/p/prospecttheory.asp
I've heard worse ideas...txaggieacct85 said:so you're saying I should lock in my 9% gain so its not perceived?Brian Earl Spilner said:
https://www.investopedia.com/terms/p/prospecttheory.asp
If what you say is true, you have an annualized gain of well over 300% on this investment. At least cash in some partial gains, maybe?
I purchased Cinemark shares the day after I posted this thread.I bleed maroon said:I've heard worse ideas...txaggieacct85 said:so you're saying I should lock in my 9% gain so its not perceived?Brian Earl Spilner said:
https://www.investopedia.com/terms/p/prospecttheory.asp
If what you say is true, you have an annualized gain of well over 300% on this investment. At least cash in some partial gains, maybe?
on 7/24/2023 at 15.95
today it closed at 17.34
that's a 8.7% gain in seven trading days.
I had also bought some shares on 7/12/2023 for 16.335 and those shares have an unrealized gain of 6.15%
Good for you! So are you buying more?txaggieacct85 said:I purchased Cinemark shares the day after I posted this thread.I bleed maroon said:I've heard worse ideas...txaggieacct85 said:so you're saying I should lock in my 9% gain so its not perceived?Brian Earl Spilner said:
https://www.investopedia.com/terms/p/prospecttheory.asp
If what you say is true, you have an annualized gain of well over 300% on this investment. At least cash in some partial gains, maybe?
on 7/24/2023 at 15.95
today it closed at 17.34
that's a 8.7% gain in seven trading days.
I had also bought some shares on 7/12/2023 for 16.335 and those shares have an unrealized gain of 6.15%
If not, you may want to take some off the table.
Pigs get fed, hogs get slaughtered...
I agree. I don't always get these right, but I thought theaters were going to be dead and it appears Hollywood prefers the big screen for blockbuster movies and people are coming back.
After going to the movies with my wife, I did some research and determined that Cinemark was still undervalued and during COVID they did things to cut cost. They report earnings on Friday. Well see how that goes. Cinemark did go up today on a very down day
After going to the movies with my wife, I did some research and determined that Cinemark was still undervalued and during COVID they did things to cut cost. They report earnings on Friday. Well see how that goes. Cinemark did go up today on a very down day
txaggieacct85 said:
Having record setting weekend. Margins im sure are smaller, but still think it's undervalued
How many put options you got OP?
I will be interested to see how this turns out. I hope it's a huge winner for the OP, but I'm unwilling to go long movie theaters. I believe it's possible that the sector is oversold, but I don't see long term value creation which is what I like to invest in.
I'm 39 with 8 and 11 year old kids. My wife and kids went to 1 movie at the theater this summer. When I was a kid, I would go to 1 or 2 movies a week at the theater. We may be the exception, but I believe consumption of entertainment has changed drastically in the last 30 years and movie theaters will be the biggest loser.
I setup small trading accounts for my kids. I encourage them to do research and invest their money evenly between 5 different sectors. My 8 year old wanted to buy DIS and I discouraged the purchase. My reasoning is that the streaming wars will be destructive to all who participate until 1-3 winners are declared. Even then, I can see streaming being like the airline industry; no long term value creation due to cutthroat competition. All this to say that I don't know where money will be made in entertainment going forward, but I don't think it's theaters or big-budget movies going forward. Based on my kids' habits, my best guess is YouTube, but you have to buy all parts of GOOG to get that exposure.
I'm 39 with 8 and 11 year old kids. My wife and kids went to 1 movie at the theater this summer. When I was a kid, I would go to 1 or 2 movies a week at the theater. We may be the exception, but I believe consumption of entertainment has changed drastically in the last 30 years and movie theaters will be the biggest loser.
I setup small trading accounts for my kids. I encourage them to do research and invest their money evenly between 5 different sectors. My 8 year old wanted to buy DIS and I discouraged the purchase. My reasoning is that the streaming wars will be destructive to all who participate until 1-3 winners are declared. Even then, I can see streaming being like the airline industry; no long term value creation due to cutthroat competition. All this to say that I don't know where money will be made in entertainment going forward, but I don't think it's theaters or big-budget movies going forward. Based on my kids' habits, my best guess is YouTube, but you have to buy all parts of GOOG to get that exposure.
DIS is not a bad pick at these levels tbh. Especially for the long term.
The mouse may be down, but he's never out.
The mouse may be down, but he's never out.
take a look at these numbers. Drive in theaters went away, but I don't believe indoor theaters will.TxAg20 said:
I will be interested to see how this turns out. I hope it's a huge winner for the OP, but I'm unwilling to go long movie theaters. I believe it's possible that the sector is oversold, but I don't see long term value creation which is what I like to invest in.
I'm 39 with 8 and 11 year old kids. My wife and kids went to 1 movie at the theater this summer. When I was a kid, I would go to 1 or 2 movies a week at the theater. We may be the exception, but I believe consumption of entertainment has changed drastically in the last 30 years and movie theaters will be the biggest loser.
I setup small trading accounts for my kids. I encourage them to do research and invest their money evenly between 5 different sectors. My 8 year old wanted to buy DIS and I discouraged the purchase. My reasoning is that the streaming wars will be destructive to all who participate until 1-3 winners are declared. Even then, I can see streaming being like the airline industry; no long term value creation due to cutthroat competition. All this to say that I don't know where money will be made in entertainment going forward, but I don't think it's theaters or big-budget movies going forward. Based on my kids' habits, my best guess is YouTube, but you have to buy all parts of GOOG to get that exposure.
Regardless of technology, people still like to have a night out or participate in an event (like the barbie movie, where women and girls dressed up)
The Numbers - Movie Market Summary 1995 to 2023 (the-numbers.com)
My gain is now 15%. Probably time to sell a little
No longer bullish?
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