skip to content
  1. Home
  2. >
  3. Investment Q&A
You can view 3 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Peter and Team,

Cineplex and Constellation Software are my two largest stock holdings and are now 6.0% and 7.0%, respectively of the stock portfolio.

Cineplex's earnings today were pretty good in my opinion and I like the company and the movie slate this year, but I am little concerned by the flat revenue-per-patron number and the free cashflow from last year to this year. Is this a good time to take some off the table and reduce the position to, say, 5%?

On Constellation, I love it but it is now 7% and I am wondering if I should trim it to 5% simply because its too much of the portfolio.

In the stock porfolio, I have 3.5% cash at this time if that helps.

Thanks. Great service as always.
Read Answer Asked by Marc on February 12, 2015
Q: Peter and Team,

The segment in the link here: http://www.bnn.ca/Video/player.aspx?vid=545085

Was shown on BNN today. It is on why Cineplex is a short. Agilith has been short and touting their short call (and getting gashed, by the way) for some time. I've owned the stock for a number of years now and like it and still like it but I am curious if you have any thoughts around their short thesis on Cineplex and their claim that the dividend isn't covered by cashflow.

Thanks,
Read Answer Asked by Marc on February 05, 2015
Q: Hi, This is more of a trading comment to supplement your response to Steven's question about Cineplex weakness at the open, yesterday. I did not like the results too and sold half of my longtime position at open. But bought back 0.75 higher within a few minutes when noticed strength. I usually place a counter Buy order at a slightly lower price and watch, if I like a co. long term (like Cineplex). It has helped many times. Thanks
Read Answer Asked by rajeev on November 14, 2014
Q: In response to Steven's question on Cineplex (cgx), Patrick Horan, who has been short Cineplex since at least August, mentioned on BNN, that the CEO of Cineplex stated the possibility of acquiring Carmike Cinemas as one option available to create shareholder value. Horan thinks this is what caused the spike in Cineplex, yesterday.

I'm not certain I believe that narrative but I started researching US cinemas and it seems like quite a few publicly traded cinemas, in the US, are posturing about making acquisitions or putting themselves up for sale (Regal Entertainment, Cinemark etc.).

So perhaps it was takeover speculation in the sector that partially fuelled Cineplex's move yesterday.
Read Answer Asked by john on November 14, 2014
Q: Can you help me understand why CGX rose nearly 5% today and hit a new 52 week high after such a huge earnings miss? I have been a long time holder but when I read the report I got spooked not just by the consensus miss but also by the declining attendance yet another quarter. Decided I wanted out and sold my holdings right at the open. Regret it now of course and trying to learn from my mistake. I can never seem to gauge what market reaction will be. The stock initially sold off at the open but started climbing back up by lunch. Do you know if they said something on the conference call that investors really liked?
Read Answer Asked by Steven on November 14, 2014
Q: I've been following 5i for a while now and am very grateful for your unbiased advice and responses. I couldn't afford to buy ALL of the stocks in the Model Portfolio when I first joined so started out with 6. I now have BNS, FSV, MG, STN, SYZ and TOU as these seemed a fair "micro model" group. Although they've taken a hit of late, I'm holding long and am still pleased with gains so far this year. I'll soon have a bit more cash to buy - should I stick with these 6 and do some re-balancing and adding, or would you suggest a few more from the Model, and if so, which ones. I'm in for the long haul.
Read Answer Asked by Chris on October 14, 2014
Q: Hello 5i team,
I own Cineplex CGX for quite a while and I'm wondering whether to hold or sell. Granted you have rated it A- for all the good reasons you mentioned in your report (and I agree with them); but all it takes is one so-so season (poor content) for the stock to take a tumble. Given that, how can one intelligently forecast future revenues and earnings?
Food for thought!
Tony
Read Answer Asked by Antoine on September 13, 2014
Q: Hi Guys, since joining in January, I have transformed my portfolio into the 5i model, thanks for the guidance. I just found some extra money, do I;
1) increase my half positions in PKI, DSG or Ciniplex
2) buy a full position in QST, DHX or.................
3) hold cash
I am long term investor, 5 years +
Good Luck Peter with the ride, be safe and enjoy the journey!
Jim
Read Answer Asked by jim on September 02, 2014
Q: Good morning fine team
I am revisiting my sector balance and realize that it is difficult to find one source to narrow down what the sectors are; Can you please sort this out
AYA - Consumer Cyclical or Leisure service
BDI - Energy or Diversified Services
BYD.UN - Mutual Fund (Diversified Services)
CGX - Consumer Cycl or Services (Media)
DH - Info Tech or Services (Business)
STN - Industrials (Manuf) or Diversified Services
XTC - Cons Cyclical or Ind/Manuf
Also some REITS are called Financial/Real Estate?
The term "Services" seems to cross many sectors???
Thank you for all you do. The more I learn from you, the more I realize there is to learn - very enjoyable
Read Answer Asked by El-ann on August 21, 2014
Looking for more? Sign up for a FREE 14 day trial! No credit card required

We invite you to sign up for a 14 day free trial of 5i Research!
Experience all the benefits and tools we have to offer; stock research, model portfolios, Q&A with our experts, and so much more. Join a community of like-minded investors today!