Sumary of When Will it Be Time to Buy Cineplex Stock?:
- Now, however, with Canada’s economy recovering rapidly, and our vaccination rates among the highest in the world, it’s a different story and one that could be a significant opportunity.
- For investors, though, despite the stock presenting a compelling opportunity today, it will likely be quite a while before it hits its pre-pandemic price.
- As of the most recent earnings report, Cineplex stock is still losing quite a bit of money.
- However, since the end of June, when those numbers were reported, the economy has continued to progress, and many of Cineplex’s locations have remained open the whole time.
- So, the next earnings should show a jump in revenue for the company.
- What’s crucial is that investors try to look past these short-term price movements.