Regal Entertainment (RGC) completed an SEC filing detailing the impact of the IPO of National Cinemedia (NCMI). The filing supports my bullish view of RGC which I believe offers a 15-20% total return opportunity over the balance of 2007. I expect to earn most of this return between now and the end of May as […]
Following several sluggish weeks, the box office found some traction this weekend as several new releases exceeded expectations leading to an 18% gain vs. the holiday weekend a year ago. Based on a January 1st start to the year, the box office is presently down 1.5% vs. 2006. Regal Entertainment (RGC) started their quarter on […]
Box office comparisons should ease this coming weekend with the fourth installment in the very popular Hannibal Lecter series but the big news this week for Regal Entertainment (RGC) will be the company’s 4Q06 earnings report and the likely IPO of its 41% owned joint venture, National Cinemedia (NCMI). Year to date the box office […]
One of the reasons that Regal Entertainment (RGC) shares have risen 10% since mid-December and consistently been on the 52 week high list is the pending IPO of its 41% owned joint venture, National Cinemedia (NCMI). NCMI completed a filing last week indicating that the IPO is imminent. I think NCMI is an attractive investment […]
Good breadth of popular movies appealing to all the major movie-going demographics allowed the box office to recover during the holiday season, pulling the fourth quarter to about breakeven with 2005 according to data from BoxOfficeMojo.com. The final weekend of the year, including January 1st, saw box office receipts rise 15%, building on a gain […]
Regal Entertainment (RGC) reported better-than-expected third-quarter 2006 earnings. Revenue of $675 million rose 7.5% ahead of the consensus estimate of $650 million. Good performance on expenses allowed the incremental revenue to flow through the income statement as adjusted earnings before interest, tax, debt and amortization rose 14%. EPS came in at 20 cents, ahead of […]
The weekend box office for the top twelve movies was up 26% vs. last year according to BoxOfficeMojo.com. That makes it four for four so far in October, with the total box office running about 13% ahead of 2005 for the month. The Prestige, from Disney (DIS), led the way with a better than expected […]
Following three straight weekly declines, the box office rose 6.6% vs. a year ago this past weekend. The weekend is actually the first one of the fourth quarter. Consequently, I wanted to look back at the completed numbers for the third quarter. Despite the weakness exhibited in the final three weeks, the third quarter still […]
I didn’t get a chance to do a formal review of 2Q06 earnings from Regal Entertainment (RGC) due to my PC crash. The shares had a well deserved sell-off following slightly disappointing earnings despite a strong fundamental backdrop formed by 8% growth in the domestic box office during the third quarter. Fortunately, this past weekend’s […]
Ahead of Monday’s earnings report, shares of Regal Entertainment (RGC) are within 1% of their 2006 high and up almost 9% so far this year. Given the $1.20 annual dividend, the total return is even better. Coming off the dismal 2005 box office performance, RGC shares have responded to renewed growth in attendance and revenue […]
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