| TOP PICK | 13.820 | Bill MacLachlan | It has tax pools so that when it converts it wont be taxed for some time, yield at over 9%, 70% of earnings pay distribution. Tremendous income oriented stock. | 2008-10-03 | |
| PAST TOP PICK | 15.400 | Michael Decter | (A Top Pick Nov 12/07. Down 13%.) In ad times, people go to more movies. Reliant on a few big blockbusters to fill the theatre. Likes that they are putting cultural things on the screen. Would probably sell at $17-$18. | 2008-09-23 | |
| PAST TOP PICK | 15.050 | Bruce Campbell | (A Top Pick July 30/07. Down 6%.) Sold this about 6 months ago. Would like to Buy it back at under $14.
| 2008-08-18 | |
| PAST TOP PICK | 14.710 | Ben Cheng | (A Top Pick July 23/07. Down 4% total return.) Still likes and have been buying in the recent lows. Feels the movie going experience is a defensive play. The cine media side (commercials) has been growing quite substantially. Top-notch management team. | 2008-08-07 | |
| PAST TOP PICK | 16.500 | Ben Cheng | (A Top Pick July 23/07. Up 2% including distributions.) Took some profits last fall. The go-forward slate of movies for them is quite strong. Good management. The major growth engine has been their advertising but overall advertising has been in a slump. | 2008-04-16 | |
| TOP PICK | 19.000 | Michael Decter | Box office numbers have been good. Demographics will increase the number of viewers. | 2007-11-12 | |
| TOP PICK | 18.100 | Patrick Kim | A lot of their revenues and cash flows come from concessions, which have high margins. What is very exciting is the ancillary services such as digital advertising (a 20% growth division for them.) | 2007-09-21 | |
| TOP PICK | 17.120 | Bruce Campbell | 7% yield, that he is looking on it as a total return basis. Making a lot of money on advertising. Very high margins on the popcorn. Looking for another dividend increase. | 2007-07-30 | |
| TOP PICK | 17.350 | Leslie Lundquist | Have about 2/3 of theatre assets in Canada. Controls about 83% of the on screen advertising market, so they have excellent bargaining power. | 2007-07-25 | |
| TOP PICK | 17.250 | Ben Cheng | Slate of movies for 2007 has been spectacular and attendance has gone back to 2004 levels. Expect this will continue into 2008. There will also be a digital rollout (versus reels of films), which is almost complete. Give them good flexibility in changing movies. | 2007-07-23 | |
| BUY | 17.000 | Norman Levine | Totally reliant on movies and the demand for popcorn. There are worries that the price increase in corn will work its way through. Profit margin on popcorn is so high it really doesn't matter. | 2007-07-18 | |
| BUY | 17.430 | Lesley Marks | Moving to the digital advertising models in the movies, which gives them huge margins. | 2007-06-26 | |
| TOP PICK | 17.630 | Ben Cheng | Strong movie attendance which he can see continuing. Expecting better long-term prospects than the market is giving credit for. Movie studios and producers have figured out that sequels make money. Can see 13 sequels coming up for the summer. | 2007-05-29 | |
| BUY | 16.680 | Sandy McIntyre | Have made a neat business out of on-screen advertising. | 2007-04-13 | |
| TOP PICK | 16.000 | Andrew Guy, CFA | Very strong in providing services and entertainment outlets for teenagers. Have grown their advertising business. | 2007-04-09 | |
| DON'T BUY | 13.530 | James Leung | Largest theatre chain in Canada. Have some concerns on the overall health of the entertainment/theatre industry. | 2006-06-30 | |
| DON'T BUY | 13.790 | Dean Orrico | Can't get too excited about this industry. You are a reliant on their movie releases which has too much volatility in it. Competitive. | 2006-06-23 | |
| PAST TOP PICK | 15.110 | Ben Cheng | (A Top Pick Feb 24/06. Down 2%.) Still likes. | 2006-05-19 | |
| TOP PICK | 15.850 | Ben Cheng | Acquisition of Famous Players is complete. Dividends should increase in spades. Company has strong management. Distributions should increase 10- 20 % in the next 12-24 months. | 2006-02-25 | |
| PAST TOP PICK | 14.670 | Ravi Sood | (A Top Pick Dec 9/05. No change.) Has one of the best CEO’s in Canada. Merger with Famous Players gives excellent synergies. Represents good value at its present price. | 2006-02-10 | |
| DON'T BUY | 13.250 | Dean Orrico | Generally, he has a policy of not investing in a trust that is in the entertainment sector. Thinks they will continually be challenged by the growth of home entertainment. | 2006-02-03 | |
| BUY | 14.000 | Patrick Kim | Quite bullish on this trust. Over the long term, it really will flourish under the income trust model because it has such great market share. They acquired Famous Players Theatres which gives them 70% of the market share and they will get good synergies from this. There should be a lot of revenue upside. Good long-term hold. | 2006-01-13 | |
| TOP PICK | 14.840 | Ravi Sood | (A Top Pick Oct 14/05. Up 6%.) Has one of the best management teams of anyone in Canada. Have a merger with Famous Players Canada. Huge synergy potential on both revenue and costs. Also have just come off a terrible year for movies and going into a great year. | 2005-12-09 | |
| PAST TOP PICK | 13.200 | David Baskin | (A Top Pick Sept 8/05. Down 18%.) This was picked before the government made their announcement on trusts. Had some good numbers, but the best is yet to come because we haven't seen the results of the Famous Players integration yet. Still likes. | 2005-11-08 | |
| TOP PICK | 13.500 | Ravi Sood | Somewhat a contrarian call based on the poor box office in North America. Thinks this will turn around. Excellent assets. | 2005-10-14 | |
| TOP PICK | 15.820 | David Baskin | Kind of like the stock simply because everyone hates the movie business so much. Had some lousy quarters, but the 3rd and 4th quarters have always been good for movies. Recently completed their disposition to the competition tribunal and he thinks there are some better movies coming along. | 2005-09-08 | |
| HOLD | 14.900 | Leslie Lundquist | Has done very well since it became public. Not cheap. | 2005-01-10 | |
| BUY | 14.660 | Leslie Lundquist | 3rd quarter results were fine. 7.9% yield. Recently had some Strong Buy's by a couple of analysts. Not cheap, but a quality name. | 2004-11-17 | |
| WATCH | 12.650 | Leslie Lundquist | Have done very well. Interested in it, but wants to see it run for a bit longer. | 2004-10-07 | |
| DON'T BUY | 10.200 | Dean Orrico | Doesn't make sense as a trust since it doesn't have a sustainable cash flow. Not a fan of entertainment plays. | 2004-05-26 | |
Experts that have talked about Cineplex Galaxy Income Fund
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