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To: Joe Copia who wrote (12123)4/29/1998 2:33:00 PM
From: RCJIII  Read Replies (2) | Respond to of 34592
 
Any updates on TSIS? Are we still expecting news soon?

Thanks

RCJIII



To: Joe Copia who wrote (12123)4/29/1998 2:37:00 PM
From: musicguy  Respond to of 34592
 
CPX Cineplex Odeon... upcoming merger with Sony Theaters and Loews Theaters

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

3,644,000 mutual fund holdings 45,436 held by top ten insiders

summary of investment reports:

11/15/96
OPPENHEIMER & CO., INC.

Company Description: The 1,465-screen company is a leading motion picture exhibitor in the United States' major urban markets and is the largest film exhibitor in Canada. The company's strategy is to operate screens in major markets and increase higher profit concession sales.
INVESTMENT CONCLUSION: Cineplex has been transformed from a potential takeover story to a growth story. Source(s) had originally thought that MCA, a division of Seagram (VO-NYSE $38, Market Perform) and the one of the two largest shareholders with the Charles Bronfman Trust, might want to acquire the balance of Cineplex to capture more of the attributable Cineplex EBITDA. However, with the $83 million raised from the public and its strategic partners,
Cineplex plans to expand quickly over the next three years.

08/29/96
SMITH BARNEY

Cineplex Odeon Corp. is the second-largest theater operator in North America. The company posted a 2Q:96 loss of $0.06 versus a loss of $0.13 a year ago. Difficult box office comparisons versus the year-ago quarter, limited exposure to top winning titles, and the exclusion of 145 screens in 1996 contributed to the loss.

08/11/95
NATWEST SECURITIES CORPORATION

Cineplex Odeon corporation reported a 2Q:95 loss of ($0.13) per share versus ($0.11) for the corresponding period in 1994. This number includes a non-cash charge of $3.6 million, or $0.03 per share, related to the sale of 28 theaters to Carmike Cinemas. Although the company posted EBITDA of $10.23 million, up 12% from $9.08 million a year earlier, weak film product and lower attendance in 3Q:95 could impact the company. Industry wide theater attendance fell 4.3% in July 1995 versus July 1994, and the slumping attendance numbers have grown even worse in August, with year over year numbers down 19% for the first two weeks.

Consensus estimate for current fiscal year ( 12/98 ) : $ 0.01 per share
Consensus estimate for next fiscal year ( 12/99 ) : $ 0.04 per share

This is a real company , solid, merging with Sony and Loews theaters... resulting company will be one of largest theater chains in the world
earnings estimates, earnings growth & earnings history at biz.yahoo.com

Recent antitust litigation favorably resolved...

Bear Sterns last week upgraded their rating from neutral to attractive

a very interesting post from Yahoo board (lot of positive sentiment...

messages.yahoo.com@m2.yahoo.com

an excerpt from another a negative post...
"Look at theatre reports and they never seem to be making great profits...the rise in stock prices always seems to be related to "Deals" or "Buzz" kind of hype... (by the way next week you're gonna see a ton of it as CPX rolls out huge quarter profits...and tout the great looking summer sked.)

entire post.. messages.yahoo.com@m2.yahoo.com

Negatives: large float 59 mil.... possibility of a reverse split after merger.... unclear insider buying picrure...

Lets all compare notes, please post your findings, positive and negative. Lets look this one over and decide if it's worth a long term play.
Merger is set for 2nd Quarter 98...

I have a few thousand shares, I am holding regardless of action here... I like this one, between "Titanic" profits coming in next 10Q, and merger drawing close, Bear Sterns upgrading this ... could move big...

MG



To: Joe Copia who wrote (12123)4/29/1998 2:37:00 PM
From: Jay Letterman  Respond to of 34592
 
OK, Alan Markoff a GREAT BIG THANK YOU!!! for ALYA. Joe Copia it's just I seen ALYA posted by you on your thread first. Thank you.