Reddit Posts
Movie theaters are making a comeback, and you know what that means
after 13% increased, then 3 * AMC = 1 * CNK (It is also at a historical low)😂
after 13% increased, then 3 * AMC = 1 * CNK (It is also at a historical low)😂
Why is CNK (Cinemark Holdings, a movie theater chain) still at record highs, given current economic & market turmoil? Thoughts?
Question - Why is CNK (Cinemark Holdings - movie theater chain) still at record highs, given current economic & market turmoil?
Question - Why is CNK (Cinemark Holdings - movie theatre chain) up, given current market turmoil?
Who missed PATH, i know i didnt, i see CNK will go in a direction by dec 15th so pop quiz which direction will it go based on your skill?
SAG-AFTRA Approves Deal to End Historic Strike
Huge Q3 earnings delivered for this stock. So why is the market missing this one?
CNK reports record Q3 earnings report in pre-market! Get ready for it.
Deadline reports "deal is close" for SAG-AFTRA strike -- great news for CNK's Q3 earning report Thursday.
Top 10 Reasons why Cinemark doesn’t need Taylor Swift to be the next great value play.
Could Taylor Swift save cinema and become the movie event of the year?
Another strong quarter for movie theaters.
Mentions
loading CNK calls into earnings next week. movies are so back
Cost per MW might be about $50 Million on earth to build. 15 GW (projected for 2026) costs about $750 Billion. SpaceX projects their satellites will weigh 1 ton per 70kW of AI compute. A Starship that can launch 100 tons in a reusable config can therefore launch 7MW of compute. To launch 15 GW of compute that would be 2,143 launches. Assuming a Starship costs $100M to build plus $5M for reused launches and each one lasts 5 launches that is a cost for 5 launches of about $125M. The cost of 2,143 launches would be about $54 Billion. A relatively trivial part of the $750 Billion it cost to build this on earth. SpaceX could arguably charge $150B+ to launch that making a $100B profit launch. AI datacenters in Space do not require the same infrastructure on earth so there are significant savings to offset costs further. In any case, AI CAPEX will likely continue to increase and SpaceX will be well positioned to price their launches plenty high to make some big profits. Lot of assumptions and things SpaceX needs to accomplish to prove this out hence the risk involved here in investing. Also, I never recommended investing just noted the type of profit potential we can be looking at here. FYI, I checked my answer above with Google Gemini and it feels the weight assumptions and volumetric assumptions for launch might be off a bit... so take your napkin and double the launch costs and assume they charge $200B instead for this.... it seems to me there is room all around for this to work out. Myself I did not invest in the IPO for SpaceX and I am not advising anyone one way or the other. I just find the topic fascinating. It is really hard to place a value on a business that is still developing something and failure or taking much longer than expected (as is often the case with Elon Musk) can cause the share price to decline. My current most interesting, for me, investment is CNK, a boring movie-theater company, not because of any fancy AI stuff but because fundamentally I am confident on it going up and up in value and I think I can make a nice amount of money on that this year.
CNK shares and Dec calls. Boring old cinema but did my DD and everyone is underestimating the domestic box office which means the value of this stock is very undervalued. While I think stuff like AI, Robotics, Space etc are the big industries that will see lots of growth and trillions in value added money can be made by finding value in old boring stuff too.
MU was trading at a forward PE ratio (based on Feb 2026 earnings) of under 25 and its revenue is exploding due to unending demand for RAM. With the current drop in share price it is about at a 20 PE ratio using 2/26/2026 quarter end figures. AVGO was at an 80 PE ratio as of its last earnings 2/1/2026 and is now at 55 PE ratio after falling to $417. I get the market is jumpy at any sort of earnings miss... not that AVGO's earnings were not good... but the valuation of MU seems to be low. Long CNK because value still matters.
If the vote passes for doubling the authorized shares and those additional shares become outstanding shares and the stock price holds up, their debt will be less than 3x their market cap. Their competitors CNK and IMAX both have more debt than market cap. RUN, another wild and highly shorted stock, has debt \~3x market cap. KSS, another meme darling, has debt over 3x market cap. Many companies have higher debt than market cap. AMC stock price will likely bump up upon the next earnings report and that will further improve the debt2marketcap ratio.
Which fits the theme of their current offerings. Personally I would like to see them diversify, which they started to with the BTC holdings. Hell they could buy CNK and have their own profitable theater chain and only use $3 billion. Again, its all speculative. Will be interesting to see what comes of it.
CNK US Equity post the convert
Revenue up 36%. Still posts a net loss is one of the strongest quarters for movies ever. You buy this shit and you deserve to lose money. Buy CNK or IMAX instead.
I just bet on positive earnings and nice pop for CNK. There have been a few surprise movie hits and theater traffic will be up.
If CNK lost money in Q1 you best believe AMC is losing about 10x as much.
How is CNK holding up this well?
how long can minecraft keep CNK green?
Oh shit, Keanu Reeves coming back for JOHN WICK 5 Bullish on CNK, AMC, IMAX, gun stocks
Man, CNK dropped 16% on missing earnings estimates by $0.06. Let's not forget they beat earnings 3 out of the last 4 quarters and they are still showing good EPS instead of a loss. Anyway, I bought another $50k of it. Anyone else like picking up stocks after an exaggerated drop like this?
CNK your earnings were shit don’t fuck me
CNK your earnings was shit don’t fuck me.
how we feeling on CNK earnings
Just wanted to share my current portfolio as a swing trader. These picks are almost entirely based on Technical Analysis with little to no Fundamental Analysis, yet all have shown tremendous upside in at least the last 3 months with many being solid for more than 6 months. Hopefully, there is one here that peeks your interest. Just remember that many of these stocks are reaching the peek of their performance with little upside remaining, Please invest with caution. \[AKR\] Acadia Reality Trust, \[CNK\] Cinemark Holdings, \[CSCO\] Cisco Systems, \[EVRG\] Evergy, \[FDME\] Fidelity Enhanced Mid-Cap, \[FTDR\] Frontdoor, \[IUSG\] iShares Core S&P Growth, \[LNT\] Alliant Energy, \[NNMI\] NMI Holdings, \[XEL\] Xcel Energy, \[XMMO\] Invesco S&P Mid-Cap Momentum
Right time to sell CNK - Cinemark or hold? The highest it’s ever been is $45 and it’s currently $32.38. I’ve got 31 shares and I’m up 150% since I bought in during the pandemic. What would you do? Sell or hold? I’m a new investor so really looking for advice from those with more experience.
CNK - Cinemark Should I Sell or Hold? I’m not really knowledgeable about the market and such. I bought cinemark stocks during the pandemic and they’ve done quite well since. I’ve made a 110.10% return. Basically now that I’ve made a good amount on it, should I sell it or hold? What would you do if you were me? Just trying to get some different opinions, hopefully from those who are more knowledgeable and passionate about the stock market. Thanks in advance!
CNK - Cinemark Should I Sell or Hold? I’m not really knowledgeable about the market and such. I bought cinemark stocks during the pandemic and they’ve done quite well since. Basically now that I’ve made a good amount on it, should I sell it or hold? Just trying to get some different opinions, hopefully from those who are more knowledgeable and passionate about the stock market. Thanks in advance!
have people moved from AMC to CNK, 22% short and hitting new highs
CNK just killed it I’m glad I got those calls
You wouldn’t be the first to say that. IMAX has flown under the radar for decades after peaking 10 years ago. AMC and its meme-stock madness has dominated WSB message boards in recent years. But in my opinion Cinemark is still the best pure play theater stock with a long runway ahead of it. However, IMAX is the Apple of cinema with the biggest screens, highest quality sound, and best projection tech in the industry. So much so, IMAX makes a lot of money selling/leasing their equipment to other exhibitors like AMC and CNK, and others in Europe and Asia. Their residuals from these leasing rights is a great alternative revenue stream on the P&Ls. All reasons I’m keeping a position in it.
Still holding a healthy position in IMAX. Waiting for a new entry point for CNK. If it drops below $20, I’ll get some more…but I could be waiting a while.
Nicely done! I too am bullish on cinema and have made some money on CNK. I have to admit, I didn’t even know IMAX was publicly traded!
IMAX has been on a nice run-up since I posted this one. I had a million dollars on it since early June. I had just rotated most of my portfolio from a healthy run-up with CNK thru May. And I was just trying to offering this board some advice on a seasonal trade in theater stocks — a trade that I’ve had a lot of success with since the pandemic. Next time — I wouldn’t be so quick to poke fun at somebody’s suggestion. They might just help make you some money. Can’t say I didn’t tell you.
You might want to consider re-reading this post. I said CNK has already reached it's 52-week high. I'm bot suggesting you buy into CNK. I'm recommending IMAX right now which is still almost 25% below it's 52-week mark of $21.
No way. AMC is a joke. A meme for a reason. Compare their financials to Cinemark. It’s obviously a very, very difficult business. But CNK is in a much stronger position. I have made a quick 20% off that stock just in the past month or so. Also check out National Cinemedia. I forgot the ticker. But it’s the kind of auxiliary business that will probably rise and fall with theaters without the same market pressures that the studios face.
CNK > AMC just check the financials. simple as
Not a sexy pick, but CNK. They took a beating during covid shutdowns, so I got in cheap with a cost basis of 11 bucks. Only theater chain not under a crushing mountain of debt, attendance has rebounded well, solid slate of movies set for this year. Hoping for a return to 25+/share by end of year.
50,000 shares. Approaching full port. This one is a no brainer — it pops tomorrow or sinks tomorrow, it doesn’t matter. IMAX and CNK are still deeply discounted value plays that will both be in the mid $20s by 2025. Im in for the long game.
I like Disney, and still think it’s somewhat discounted, but it would have been nice to jump in that one last October when it bottomed in the $70s. If you’re getting in now — you just missed a 40% gain the last 6 months. Besides, it’s a different trade from IMAX. I’m looking to play the summer blockbuster hype cycle for theater stocks. IMAX and CNK are my two trades of choice for this game.
W and CNK already have enough short interest to drive the institutional ownership over 100%
I should have mentioned this earlier, but the 4.5% converts outstanding are $460M in principal. So, they could actually retire the debt now if they wanted to. They are being cautious as they have come through some turbulent times and the strike. There is also some risk of another strike this summer from the IATSE who are the set builders and have threatened to walk out. As you know, Hollywood unions have a history of honoring each other's strikes. So, there is some wisdom in CNK management being cautious at the moment.
No real risk if they let the bond convert to shares, it's a push. The share count already reflects full conversion. (hence the as converted accounting.) The unappreciated aspect is that if they elect to retire them with cash (which they could be sitting on nearly $1B come next May) then there will be step function down in the share count as the converts go away, and a step function up in earnings estimates due to the lower share count. The real beauty is that earnings estimates will jump from $2.00 to $2.50 AND the stock currently has one of the highest short positions on the NYSE with 22% of the stock held short. The combination of a short squeeze and step function up in EPS estimates will launch the stock higher. Importantly, the market is a discounting mechanism so the big move may come well before May of next year. It just kind of depends on how much cash flow CNK can sock away this year, when the company states their intentions (hopefully, "yeah, cash deal we are retiring the converts so the shares go away"), and when investors and sell side analysts realize what is happening. I think this is under appreciated as most investors (even on the buy side) don't build models. I think the sell side is well aware of the math, but it is not front and center so they aren't focused on it. And, no on dilution. CNK's BS has made a nice recovery post pandemic. retiring the 8 3/4 will help and they should have positive free cash flow this year despite the step back in releases. Next year, they will see a rebound in releases and be able to print a BIG positive EBITDA number. (Probably close to $700M) So looking at that combined with the nearly $1B they should be sitting on, I think retiring the converts will be an easy decision and then the BS will be restored to its pre pandemic state. Dilutive stock issues are the domain of AMC, where the BS is in far worse condition. And, the low share price means you must issue more shares to raise a given amount of cash.
Good insight -- thanks for sharing Johnny. What's the downside risk for the 2025 bond conversion? Is there any chance CNK would resort to releasing new shares to raise cash? I can't see any benefit to them doing that -- AMC's stock price has been getting crushed with that dilution strategy.
Strong seasonality into the summer months is a real thing with movie stocks. 2024 will see the number of new releases improve as the year progresses and the slate recovers from last year's strike. Best to be patient with CNK and IMAX as comparisons this summer are tough going up against Barbie and having the Olympics. 2025 is where the real action is. CNK has said that 2024 will have about 95 wide releases, while 2025 will recover to pre-pandemic levels of 120 to 130. Quality is always a question mark, but Kong - Zilla this weekend shows that people will go to the theater if there is something worth seeing. On CNK, between now and the end of 2025 the company should make significant progress on the balance sheet. In May they will redeem the balance of the 8.75% bonds they have outstanding, resulting in a nice reduction in interest expense. Then, the big wildcard will be the 4.5% converts they have outstanding for May of 2025. CNK can redeem these bonds for cash or shares. At the moment the accounting treatment for these bonds are on an "as converted basis". Which means, even though the bonds have not actually converted yet the current share count reflects the full number of shares. If CNK pays cash to redeem these bonds, the share count will go from 152M to about 115M -120M. If this happens then earnings for 2025 will go from about 2.00 to about 2.50 per share. Right now, all of the sell side analysts are using the full share count to forecast their numbers for 2025. CNK is having an Analyst Meeting next week; If we are lucky they may cover this topic. We want to be long these stocks now as 2025 comes into focus the market will react.
Careful talking about Amc here... the cult will attack you. Amc is being pinned between 4 and 4.50 and has been for weeks. Amc should increase in value because of macro changes to the film industry as seen on CNK. Institutions like wedbush refuse to allow the stock to trade accordingly because their analyst would be proven wrong after years of her cocky comments. Alisha this is towards you.
is AMC, IMAX and CNK really up thanks to Dune 2?
If you want to invest in movie theaters and not the AMC circus then CNK is the way to go.
Come on now. If you can’t appreciate a little DD without a boastful screenshot, what are you doing on this board replying to something as “boring” as IMAX? If you must know — I have 40,000 shares of IMAX and 20,000 shares of CNK. So I have a million dollars riding on the survival of movie theaters. Is that big enough for you? https://preview.redd.it/ql8rqov3y6lc1.jpeg?width=960&format=pjpg&auto=webp&s=a3597f954859aa94a2644d35dbf12444a9d4dd52
I have long positions in both IMAX and CNK — I’ve been trading them since the pandemic recovery. While AMC might attract all the attention and volatility — IMAX and CNK are better run and better positioned for the future.
Back in 2022 I got drunk and figured out CNK would be bringing back their dividend... they didn't and I lost some money. Hope your dumb ass thing works for you through lol
Puts on YELP, AXLE, CNK brrrtttt
CNK puts lookin good. EPS was asssss
scared boi shares 20k AMAT, 20k COIN, and 10k CNK
Calls: PACB, HL Puts: CNK
AMC & Cinemark are rising with CNK earnings tomorrow, could that be the play over Draftkings???
Anyone else expecting CNK to drop off directly after earnings? buying puts?
Normally, I might. But I don’t trust AMC because their financials are a disaster and every time you think they are poised for a major upside move, their leadership decides to sell more shares and crush the share price thru dilution. Don’t get me wrong — AMC still had huge upswings — but I don’t want to be holding the bag when AA decides to raise more cash. CNK has a much stronger balance sheet and leadership team, and IMAX has way better tech and licensing programs.
In my opinion, anything under $15 for CNK is a good entry point if we get a pull-back from earnings. But if history repeats itself (which it has a tendency to do with these cinema stocks) — we’ll be back at $18-20 by summer.
You sound like a APE trying to drum up interest in AMC, but you asked and here is some info I can provide as to why AMC is a bad investment. 1. Market Cap is about 1.1 billion, not 875 million. You are not factoring in all the known shares from dilution in December. 2. With the current box office, without further dilution, they will very likely be almost out of cash by middle of the year. 3. They have massive debt (par value about 2.8 billion) coming due in 2026 which they need to get moving on paying down (there is additional debt due later on). Only viable way for them to pay this down is dilution. 4. They are very behind on CAPEX spending, I would estimate between 500 million - 1 billion. This shortfall will start causing them to lose ticket sales over time. Only viable approach now to rectify this is via dilution. 5. Compared to CNK with CNK's better fundamentals it seems to me that AMC is overvalued substantially. 6. Short interest at around 10% is not very interesting to someone chasing a squeeze. End of the day, AMC is in a position where it needs to dilute heavily this year and next to survive but with dilution causing the share price to plunge, would expect much the same. At some point the share price will decline too much to allow for raising sufficient funds and bankruptcy may become inevitable.
1. When compared to its closest competitor, CNK, it is significantly overvalued (i.e. AMC should be valued $0 by comparison). 2. They have too much debt to deal with and need to dilute. 3. Dilution, dilution, dilution 4. C-Suite, is making big money while the company has done nothing. The only reason the company has not gone bankrupt yet is because of fools giving them their money 5. With dilution the price has been dropping... Need much more dilution yet... do you think the price will not continue to drop? 6. Without further dilution, facing bankruptcy, possibly middle of 2024 (depends on how bad losses will be in Q1 and Q2 of 2024).
Another undervalued stock right now is CNK, downside is that they are in debt. I'm planning to buy calls 20 for 2025.
CNK - returned to profitability this year, debt is under control, SAG and WGA strikes are over. Average analyst price target is 19/share, a 35% upside Their only competition AMC - they can't turn a prodit, are under a mountain of debt, and repeatedly diluting to try to stay afloat.
Not finacial advise or predicion just opinion here are a few i notice some decent movement up (options focused CVNA- explosive CNK - Early, more acumulation by big players/algos through the week VEEV- earnings may have it pop up Thats about it, there are plenty more, but these are the likely ones that frim open tomorrow wont fall below open price by EOW. These are just my opinions :3
I keep hearing this is a dying industry, and yet revenue and ticket sales are up 30%. If it's dying, why are the biggest streaming companies (like NetFlix, Amazon, and Apple) offering their movie content to be exclusively released in theaters? Why did the biggest exhibitors (AMC, CNK, and IMAX) just have their highest ever month of July in recorded history? If the industry is dying why is the global box office returning to pre-pandemic levels? If this industry was meant to die.....it would have been dead already.
Regarding price movement, CNK saw a 7% rise in the week leading up to earnings, but was still down almost 15% since October highs. I think the SAG strike is still weighing this one down more than the earnings results.
No, they don't. But normally when the analysts get it wrong (and miss big like they did on CNK), the market has a tendency to reward in the opposite. Look at Draft Kings today -- another surprise earnings beat, and that stock is up 17%. Why wasn't that already priced in? I think someone answered my question already -- don't try to make sense of the market.
That’s where “they” are wrong. Theater attendance is growing — up 28% from last year. And don’t get me wrong, Netflix is a great stock and one of my long term holds. But the numbers are clearly showing there is a market for both formats. People are coming back to movies when there is good content . And right now —CNK is way undervalued compared to Netflix and the broader market.
Waiting for half my puts to auto sell at open on my stop losses. Still holding out on my AAPL puts and CNK calls. At least I made some money on SPY calls yesterday.
Got SPY, QQQ, and AAPL puts for next week, CNK calls because Swifties are unstoppable. This rally can't last, ya'll just living on hopium at this point.
I bought AAPL and CVNA puts with some CNK calls yesterday at close. 50/50 coin flip if I'm a genius or super regarded.
CNK (Cinemark) just reported and slayed both the top and bottom line - Hopefully they issue good guidance on their call and my $17C Exp 11/17 will print! Fuck AMC.
Went to the movies this past weekend. The number of tweens with there moms all buying popcorn with pink glitter on it (not even kidding) and icees for Taylor swift was insane and this was the second weekend. $19 a pop for tickets plus $15 a kid in concessions? Had 8 of their 14 theaters exclusively showing the eras tour. Bought calls on CNK for earnings tomorrow. Worth the risk.
Earnings gambling: AAPL and CVNA puts with some CNK calls for the Swifties.
Not yet. If you are short-term reading this one, I’d place the “bet” on CNK first and ride the momentum into Thursday’s earnings report. If all goes well — take your winnings on the bounce and THEN yolo AMC who will report their Q3 earnings Wednesday 11/8. Good luck. Trade at your risk.
continue holding CNK 
Who the hell wants CNK when you can get AMC ? This distribution deal with Taylor Swift is thing to rocket AMC out of the universe 🚀
Yes, I believe at this time CNK is a better long term investment than AMC. While AMC is the market leader, the implied forward volatility with AMC’s stock price is much much higher. Case in point — look at the last equity raise in August. After completing the Ape-conversion debacle, AMC just completed its first stage equity offering. Of the 390 million shares the company had available for future sale, 40 million were issued — raising $325M. This is a great was to raise cash, pay down debt, and stave off any talk of bankruptcy, but in the process — the stock price subsequently dropped over 30% that same day. And that was only the first “tranche” — approximately 10% of what it can still raise in cash through equity. Great news for AMC, but not so great news for long term investors wanting to see their existing shares grow in value — instead of being diluted 9 more times. I don’t know about you — but I don’t want to wake up tomorrow and see my investment down 30% because AA needed to sell more shares to pay down the $9.5 billion in total debt, $4.8 billion of which is long-term, with a total of $3.1 billion of it maturing in 2026. Don’t get me wrong. I’m a movie guy. And I want to see all movie theaters survive and succeed. I’m also glad AA secured the additional shares to keep the lights on for AMC. Hopefully that will force some of the short sellers to find someone else to pick on. But if I’m betting on the future of cinema and had to pick a stock right now — it would be CNK.
Yes. No doubt AMC will benefit even more from the Eras Tour. But it doesn’t take much to understand the huge difference in implied volatility between AMC and CNK. If you are “betting” on long term recovery of movie theaters companies — I’d prefer the less risky play in CNK which is still a better value trade and in a much better position financially, as it was before the pandemic.
You are aware CNK is paying AMC to show the movie right? AMC would be the better play if you truly believe in movies regardless of any short squeeze thesis.
You are aware CNK is paying AMC to show the movie right? AMC would be the better play if you truly believe in movies regardless of any short squeeze thesis.
Agree 100%. I have no doubt there will be closures and consolidation within the industry— especially given AMCs precarious financial situation. That’s why I believe CNK would be in the best position to gain the most from a consolidation given their healthy balance sheet and strong fiscal management.
why is CNK trending of twitter?
The “Eras Tour” concert film will be showing in theaters across the U.S., including AMC, Cinemark, and Regal. While the ride with AMC was fun while it lasted, I'm not a fan of meme stocks anymore. I prefer pure-play cinema stocks like CNK and IMAX that still trade on fundamentals.
We can look at AMC stock holders and call them all sorts of names. No clue if they really threw everything they have at this. I really do feel sorry for those that lost a lot of money at this point. But… Something does not add up. Good product, shitty management, I thought this was ripe for a management overhaul. Maybe even throw the company into bankruptcy and have someone pick up the valuable pieces. CNK has shown that you don’t have to have a dog shit balance sheet to survive in this industry. But the current AMC management has got to go. All that said, why does this trade at Apple volumes? This is a company that has a market cap below $10 billion, now closer to $1 billion and yet the trading volume over the past 2.5 years has been insane. Something does not add up and the creation of APE, stealing equity from shareholders, conversion + reverse split. How does this happen? This was the biggest movie theater company before all this garbage. While a small portion of most portfolios, stocks like this sit in various funds that all of us own. How do these shenanigans still exist?
"Let me be clear, I'm not an ape" Why not CNK then?
Yes, APE and CNK prices should converge. Now that they are essentially the same thing. Should CNK stock be rising? Maybe. If the ruling had gone against AMC they would have been unable to raise equity and probably would end up in bankruptcy as they are not generating large amounts of free cash. So, risk of bankruptcy gets pushed out now that they can go to the market and sell new shares to fund the business, interest payments and maybe even debt repayment. But, this will be HGHLY DILUTIVE to existing shareholders. If you want to play the recovery at movie houses, CNK is probably a better play. They are generating nice free cash and any dilution is now factored into the share count. CNK has no reason to issue new shares as they have plenty of cash on hand and will generate positive free cash flow even in the slow spring quarter.
Should've bought $CNK. They're in much better shape and riding out this storm. Barbenheimer saving their Summer numbers.
I’m going with CNK calls since nobody is talking it at all. People are starting to go big to movies again, coking off some blockbusters. I have a good feeling.
CNK being red is actually insane 
Should be a good day for CNK and AMC tomorrow. CNK is in a far better position long-term though. Holding mine through Q3 earnings and hoping the strike is resolved soon.
I exited my CNK position earlier this year up over 100% it was fun seeing lots of movies while holding their stock
I am keeping an eye on DIS and CNK. Hopefully this next quarter is really bad and they kitchen sink it.
Super Bullish on CNK. Latin America has been eating up films of late, and Oppenheimer and Barbie are going to shift the box office sentiment domestically after the negativity that has built up over the past month.
Cinemark is not going bankrupt that is Cineworld. Cinemark is a much better managed theater chain that did not require Apes to bail them out during the pandemic. They have several years of runway on their balance sheet and have gaind a good ammount of market share. Cinemark invests in its theaters and they are well maintained whereas AMC and Regal (Cineworld) overpaid for growth through acquisitions of run down theaters just to say that have more screens. CNK has less screens and outperforms on performance consistently. Also, Adam Aaron is a tool and nobody should trust anything he says.
CNK reports Q1 earnings tomorrow morning. Deep value play at a stock price that is still (shockingly) 60% below its per-pandemic numbers. Box office is blowing up and Q2 results are already lining-up to be huge. And a whopping 37% short float on CNK to boot. Can you say ex-squeeze me.
Hollywood — I really don’t like to give stock picks because I would hate to be responsible (in any way) for other people’s losses. But I will say this — if anyone has paid any attention to my WSB posts since January — I have made no bones about it — I am a huge fan of CINEMARK (CNK). And anyone who has listened (which is no one :-)) would have been highly rewarded. The stock is up 95% YTD and still 60% below pre-pandemic levels — yet the overall box office is roaring back with blockbusters setting records left and right and streamers like Apple & Amazon (who ironically were suppose to be the ones that were going to be the death of movie theaters) now dumping BILLIONS into new content for theatrical release — which will eventually translate to even bigger revenue streams for exhibitors like Cinemark. This $17 stock should be in the low $20s right now. (My unprofessional opinion of course). Thats the value side of this trade. If you are looking for the ever-elusive squeeze play — some reports suggest this stock has a 40% short float which is simply crazy to me. No doubt — this stock is already overheated so there could be some choppy months ahead — but I believe in the long run patience will be rewarded and CNK will be a $25 stock (or more) in the next two years. Just my .02 cents. Do your own homework and invest at your own risk. Good luck.