CPX DD to get you started
CPX , Cineplex Odeon Corp. is an entertainment company which owns and operates motion picture cinemas and related food service concessions with 1,723 screens in 312 locations in Canada, the U.S. and Hungary (as of 1/31/98).
NYSE recent price 1 7/8 103.4 mil shares out 57.9 float avg daily volume 428k
according to Zacks: brokers recommendations strong buy 1, moderate buy 1 hold 1
analysts: quicken.excite.com
Bear Sterns recently upgraded from neutral to attractive....
Yahoo profile: biz.yahoo.com
Earnings report was rumored for yesterday, but they have until May 14th to report... so next week we see Titanic revenues
There seems to be little doubt that the earnings will be very positive..
The merger date has not been announced, but IR hinted that it would be before the end of May.. some feel sooner, like end of next week...'
If you get in, get in and forget it, don't get itchy watching and waiting.... I am buying more in bits as I take profit from other plays...
got 3000 more today @ 1 13/16 ... wouldn't take my 1 3/4 limit order all day... but its GTC.... maybe next week...
I love everything I have found about this company. The only questions that remain are when will the 10Q be filed, and when is the merger happening?
If after the split, LCE dips a bit, I will buy all I can.
take a look at this:
CPX ranks HIGHER than the following theater chains theaters in their sector, and is trading @ under $2,
CPX- rank 23 trading @ under$2
AMC- rank 24 trading @ $19 symbol AEN AMC theaters
GCX- rank 25 trading @ $52 symbol GCX GCC theaters
REGL- rank 27 trading @ $30 symbol REGL Regal theaters
After the merger, LCE will be MUCH closer to #1 in the sector... will it still trade under $20 ($2 x 10 shares post split...)?? I think not. In fact I am betting a sizeable chunk of my portfolio that it will trade well above $20.....
The great thing about this one for me is that it the COMPLETE antithesis of a momentum play.... sure there may be a huge spike, but this one will roll along forever...
MG |
