Cineplex Inc (CGX.TO)

(A Top Pick Oct 3/11. Up 17.69%.) Still likes. Has about a 50% payout. Doing great things to increase their revenue including programming the theatres and taking over one of their rivals. Movie business is proving to be pretty bulletproof in the downturns and pretty resilient in the upturns.

(A Top Pick Nov 2/11. Up 17.46%.)

Sold part of his position. A little weakness on the advertising side. It had its run and is expensive relative to its growth prospects. Move away from defensive guys and into a little more volatility.

Has been looking at this one quite closely. Box office has been quite weak this summer. Fundamentally this is a very toppy stock. He will wait for a good bottoming out before he recommends it. Trading at 20X estimated earnings, which is pretty rich.

Had a drop today for no particular reason. Good opportunity to add your position. Depending on what movies are being released, traffic can fluctuate month-to-month. Very well managed. They continue to raise the high-margin concession spending.

A little ‘toppy’. Great run this year. Movies over the summer have helped. Upcoming movies into the fall – some big ones that should drive traffic. Advertising has been a little weak with the Olympics. It is a core holding but hard to imagine what will drive share price up much from here. A good, stable performer. A good defensive place to be.

Likes the story a lot. Sold his holdings about 6 months ago because of rich valuation and the 3-D effect is starting to phase out. Balance sheet is great and management is strong. Their media ads missed on the last quarter. He will transition back into this because it is a fantastic yielding stock. He would like it in the mid to low $20.