Posts for Ticker ‘CNK’

Top 10 Pre-Market Analyst Calls (BMC, CNK, CTXS, CME, CTCM, DHT, RDEN, HOV, TPX, WLL)

These aren’t going to be the only impact analyst calls this Tuesday morning, but these are ten of the calls we are focusing on very early this morning:

  • BMC Software (NYSE: BMC) Started as Neutral at UBS.
  • Cinemark (NYSE: CNK) cut to equal-weight at Morgan Stanley.
  • Citrix Systems (NASDAQ: CTXS) Cut to Market Perform from Outperform at FBR.
  • CME Group (NYSE: CME) Raised to Buy from Hold at Citigroup.
  • CTC Media (NASDAQ: CTCM) started as Overweight at Lehman Brothers.
  • Double Hull Tankers (NYSE: DHT) raised to Neutral at JPMorgan.
  • Elizabeth Arden (NASDAQ: RDEN) raised to Outperform at Oppenheimer.
  • Hovnanian Enterprises (NYSE: HOV) Raised to Neutral from Sell at UBS.
  • Tempur-Pedic (NYSE: TPX) cut to Perform at Oppenheimer.
  • Whiting Petroleum (NYSE: WLL) started as Outperform at Wachovia.

Jon C. Ogg
June 17, 2008

Posted on: June 17, 2008 – 6:10 am in Analyst Calls, , , , , , , , , ,

Pre-Market Analyst Calls (September 20, 2007)

AKAM cut to Sell at Kaufman.
AUDC raised to Buy at Cantor Fitzgerald.
AVR cut to Underperform at FBR.
BPL raised to Buy at Deutsche Bank.
BGH cut to Hold at Deutsche Bank.
CKEC started as Overweight at JPMorgan.
CLC cut to Peer Perform at Bear Stearns.
CNK started as Overweight at JPMorgan.
FARO cut to Neutral at Baird.
GIS raised to Outperform at Credit Suisse.
GLUU started as Buy at Cantor Fitzgerald.
GLW started as Buy at Deutsche Bank.
IOM started as Buy at Cantor Fitzgerald.
JCOM cut to Mkt Perform at FBR.
KIM started as Outperform at Credit Suisse.
KYPH cut to Neutral at B of A.
LYV started as Overweight at JPMorgan.
NAPS started as Buy at Cantor Fitzgerald.
OMTR cut to Mkt Perform at JMP Securities.
PEIX cut to Underperform at FBR.
RGC started as Neutral at JPMorgan.
SHOR started as Overweight at JPMorgan.
VSE cut to Mkt Perform at FBR.
WYNN cut to Hold at Jefferies.

Jon C. Ogg
September 20, 2007

Posted on: September 20, 2007 – 7:09 am in Analyst Calls, , , , , , , , , , , , , ,

IPO FILING: AMC Entertainment (AC, RGC, CNK, CKEC, NCMI)

AMC Entertainment Holdings, Inc. has filed to come public in an IPO under the NYSE ticker "AC."  This filing lists up to $500 million as the amount of securities being sold for filing purposes.

AMC Entertainment posted for the 52 weeks ended June 28, 2007, on a pro forma basis, revenues of $2.4 Billion, Adjusted EBITDA of $425.6 million, a loss from continuing operations of $60.3 million.  On a historical basis it had net cash provided by operating activities of $394.7 million. In the United States and Canada, as of June 28, 2007, it operated 311 theaters with 4,597 screens.  As of June 28, 2007, it had 66 theaters with 703 screens consisted principally of wholly-owned theaters in Mexico and an unconsolidated joint venture in South America.

It also currently owns approximately 18.6% of National CineMedia, LLC; and it currently own approximately 27% of MovieTickets.com, an Internet ticketing venture representing over 10,000 screens.  One thing investors need to know is that the movie theater operation in the U.S. has been one of the most frequently changed in owners, and AMC recently became under Merger Sub in June of 2007.  AMC is also reclassifying its stock classes and it is currently held by J.P.Morgan Partners, Apollo Investment Funds, Bain Capital, Carlyle Group, Spectrum Equity Investors, and management.

Other publicly traded movie theater chains are Regal Entertainment Group (NYSE:RGC), Cinemark Holdings Inc. (NYSE:CNK), and Carmike Cinemas Inc. (NASDAQ:CKEC).  There is also of course the offshoot National Cinemedia (NASDAQ:NCMI), which AMC has had an ownership in the parent holding company of.

Jon C. Ogg
September 13, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he produces the 24/7 Wall St. Special Situation Investing Newsletter and he does not own securities in the companies he covers.

Posted on: September 13, 2007 – 10:31 am in Entertainment, IPOs, , , , , , , , , , ,