Hedgeye CEO Keith McCullough is adding Cinemark (CNK) to the long side of Investing Ideas. Below is a brief note.
Looking to buy things that are on sale on #decelerating volume? I am...
Cinemark (CNK) is one of Communications analyst Andrew Freedman's new Long Ideas (see his Comms Pro product for more details but here's a good summary clip of his content):
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LONG CINEMARK HOLDINGS (CNK); +40% UPSIDE We are adding Cinemark Holdings (CNK) as an active long in the Hedgeye Communications Position Monitor. As the third-largest film exhibitor in the U.S., CNK is poised to benefit from movie theaters reopening and pent-up-demand for out-of-home entertainment. The most compelling case of pent-up-demand being the record box-office set during the 2021 Chinese Holiday New Year, with revenue increasing 32.5% over the 2019 holiday record. Based on the slate of tent poles awaiting release (and re-release), we believe domestic box-office has the potential to get back to 2019 levels faster than what is reflected in current consensus estimates. |
Buy the damn dip,
KM
