Q: Further to your answer to Delores regarding cineplex, do you think you will be publishing the update before or after they report earnings May 5? The reason I ask, is we currently hold cineplex in a riff account where the income is used as a pension replacement. While the stock has been a solid investment, aside from the modest yearly dividend increase there really hasn't been much capital appreciation in the last year. Although I am intrigued with the potential impact of the rec room once opened in Toronto, will have on their bottom line. We are thinking of replacing it with Bgi.un which pays an 8 per cent dividend. Ignoring the fact they are in different sectors can you comment on the following:
1) is this a good switch and will this switch increase risk
2) would you sell cineplex after the ex dividend date or wait for the earnings release?
As always thanks ( especially with my more recent buys of Crius and Shopify)!
1) is this a good switch and will this switch increase risk
2) would you sell cineplex after the ex dividend date or wait for the earnings release?
As always thanks ( especially with my more recent buys of Crius and Shopify)!