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Cineplex Inc
Symbol CGX
Shares Issued 63,333,238
Close 2019-11-28 C$ 25.27
Recent Sedar Documents

Globe says Cineplex, others seen bouncing back in 2020

2019-11-28 08:29 ET - In the News

Also In the News (C-NFI) NFI Group Inc
Also In the News (C-PSI) Pason Systems Inc
Also In the News (C-PSK) PrairieSky Royalty Ltd
Also In the News (C-TCL) Transcontinental Inc

The Globe and Mail reports in its Thursday, Nov. 28, edition that some investors believe the top-performing equities of 2020 could be the "dogs," or worst performers, of 2019. The Globe's guest columnist Sean Pugliese writes in the Number Cruncher column that the belief is that the dogs become oversold, and thus have the potential to bounce back the following year. With the calendar year and tax loss season approaching an end, Mr. Pugliese and his colleague Allan Meyer thought they would take a closer look at this year's dogs using their investment philosophy focused on safety and value in hopes of identifying opportunities for the new year. They started with TSX-listed equities with a market capitalization of $1-billion or more. Mr. Pugliese says larger companies usually provide more stability and liquidity. To identify their dogs, they looked at companies with a 52-week total return of negative 20 per cent or worse. As well, they limited their list to dividend payers. The two stockpickers also considered price to earnings, lower figures preferred. Stocks that may offer safety and value in 2020 are Cineplex, PrairieSky Royalty, NFI Group, Transcontinental and Pason Systems.

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