In this clip from THE PITCH, we give you an inside look at how a research analyst's high-conviction stock idea becomes a manager's winning position.
Watch below as Communications analyst Andrew Freedman pitches Hedgeye CEO Keith McCullough on Cinemark (CNK), his new 'Best Idea' Long position.
Click HERE to learn more about Andrew Freedman's "Communications Pro" Product.
Click HERE to watch the entire hour long The Pitch, including 5 other analysts' Best Ideas.
. . .
Andrew Freedman: "We're going to go out on the risk curve today and pitch a movie theater stock, and it's not AMC! It's Cinemark Holdings (CNK) which is the 3rd largest exhibitor in the US.
On the key thesis points, you can see this is all about a reopening play with a combination of pent up demand and a strong blockbuster release schedule heading into the summer; getting us back to being closer to the 2019 box office sooner than anyone thinks.
These stocks have kind of been left for dead and a lot of people are skeptical what the long term future for movie theaters are, but we think that people will go see movies again to get out of the house (based on our survey work) along with encouraging results we have seen from the box office to date."
LOOKING FOR MORE SECTOR PRO CONTENT?
Click here to for a free Communications Pro note: COMMS DAILY BRIEF | 05/12/2021 (FUBO, SIRI, LSXMA, SNAP, GOOG, #TikTok, LYV)
. . .
The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates. Click here to learn more.