+ Watch RGC
on My Watchlist
The Company operates as a theatre circuit in the United States. It is a motion picture exhibitor.
They are near 52-week high and movie theaters are going to keep getting squeezed by the digital avenues.
I was first attracted to RGC last year by their dividend. Earlier this year I took a harder look at them and ended up buying some shares in RL. I really think this is going to be a strong year for movie theaters and RGC seems like the best way to play that. I read through their last earning conference call and looked over their last big SEC filings and had some numbers and stuff written out that I was going to turn into a blog or bigger pitch... but I'm lazy. I like their free cash flow. Their dividend yield is great. I've read some articles where the writers specualte that they didn't think the dividend is sustainable, but after reading in the conference call that the company like to have 4 quarters worth of dividend payments in cash on hand at all times I've decided the authors of those articles are dumb. But yeah, mainly I just think it's going to be a great year to go out to the movies.
Movie Theaters will slowly got he way of Blockbuster as Home Theater System prices drop and on-demand and streaming makes it easier to order movies at home. Could add other theaters but Regla seems to be seeing a larger drop in reveneues than others and has a high PE ratio and high dividend payout. If they have to cut their dividend in the future it would significantly impact their price.
testing louis navellier's 32 stocks to sell now.
Yuck, yuck, yuck on the debt to equity ratio. These guys owe more on their assests than they are worth? Sound familiar? The housing crisis in movie theatre.3D has potential obviously, but it may already be seeing a backlash because of oversaturation. They are cutting costs, but that still doesn't descrease the value of the company's outstanding debt.
One of the big news stories this week here in Baltimore was how patrons were lined up for 2 blocks to get into the movie theatres.the main reason for this has been the oppressive heat we've been experiencing this summer.Quite simply put people want to get out of the heat and enjoy air conditioned entertainment.There appears to be no let up in the heat this summer and with the amount of sequels in the theaters this summer, I feel this is a perfect recipe for profits.Throw in the 5% dividend..........get the popcorn!!!
Regal will be a great buy if you get in before the summer, they are sure to amass a ton in ticket sales from big name movies.
Hate Regal. Hate them so much...
good movies theathers
Hot summer months - airconditioned theaters - summer blockbusters
People aren't going to be going to the movies in this depression. Once gas is back at $4/gallon and the unemployment rate is 15%, staying at home and watching TV is going to seem a lot more appealing.
Burning through its cash as of late, Regal also cut its dividend. While that may look bad, it gets worse when you realize that the company has a negative net tangible asset value. Can't look to this company for growth either, in my opinion, as they seem to be scaling back on capital expenditures.
Same concepts applies as for GLW, had heard something about the new tech for the RGC cinema coming in next year
In a down turn people go to the movies.
this stock has been steady with the S&P but with the summer months coming, I can see it outpace the S&P until the end of the year.
The reasons I am long on exhibitors have mostly to do with the foreseeable impacts of digital distribution. I would be interested to know what others think about the following impacts of this phenomenon. The obvious benefit is the ability to run blockbusters on all/most screens, which was previously prohibitive because of the cost of prints (distributors never know in advance how many to send, and often send too few, causing exhibitors to turn people away from Harry Potter on opening weekend even though the Simpsons is running on two screens half empty). Similarly, a smaller film that is an unexpected success can be ramped up more quickly. This gives managers a lot of flexibility for revenue management. Second, is the prediction that digital distribution will allow the proliferation of alternative content (U2 concerts, sporting events) that can be used to fill theaters on off nights. (theaters make most of their money on weekends, so extra weekday sales go strait to the bottom line).Finally, 3D is on its way. Gimmiky or not, everyone is going to want to see the new generation of 3D films. even people who don't normally go to the movies. I think that Beowulf's box office success has shown that. I realize that some of this is speculative, particularly with respect to timing, but also cost of implementation and audience response, but RGC pays a pretty good dividend to see how things pan out. As long as its debt doesn't get it into trouble...
At $21.50 a shr, cheaper than a movie ticket w/ popcorn and soda. Movie industry has had a respectable summer. This is a true value stock w/ P/E of 10.7 and a 5.5% yield.
foundamentals are sound, could be better, but it's a great industry to be in. i mean, do you think hollywood is going to stop making movies? they have a target on suburban markets, which is a prime target for movie entertainment. however, this stock won't be without a rough year or two. will be a good long-term pick
The company is burning through cash, I doubt they will be able to maintain their dividend.Their yield is one of the reasons many people own it and if that disappears, the stock will suffer.The theatre industry, like fitness clubs are difficult to run long-term. The margins stink and you have to constantly reinvest in long-term assets and renovate or your facilities will become run down.
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