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Stock Market & Financial Investment News

News Breaks
March 31, 2014
13:33 EDTIMAX, RGC, CNK, CKEC, AMCIMAX climbs after JPMorgan recommends buying shares
Shares of IMAX (IMAX) rising after JPMorgan recommended buying the stock following its recent decline. WHAT'S NEW: After meeting with IMAX's management, JPMorgan thinks the stock has reached an attractive entry point after dropping 11% in 2014, prior to today's open. Investing in IMAX is the best way to benefit from what should be a strong year for movies in 2015, the firm contended. IMAX is poised to benefit from its focus on the largest films, and from strong demand for movies in China and other emerging markets, the firm predicted. JPMorgan increased its first quarter estimates for IMAX, citing strong performances by "Noah," "Captain America," and "Need for Speed." JPMorgan reiterated an Overweight rating on IMAX. WHAT'S NOTABLE: Other movie theater operators include Regal Entertainment (RGC), Cinemark (CNK), Carmike (CKEC), and AMC (AMC). PRICE ACTION: In mid-afternoon trading, IMAX rose 88c, or 3.3%, to $27.20.
News For IMAX;RGC;CNK;CKEC;AMC From The Last 14 Days
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September 30, 2014
18:38 EDTAMC, IMAXAMC joins IMAX theater boycott of Netflix original movie, Deadline reports
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13:42 EDTCNK, IMAX, RGCRegal, Cinemark will not play Netflix original movie, Hollywood Reporter says
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09:33 EDTIMAXNetflix announces first original movie to premiere on Netflix, IMAX theaters
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07:03 EDTRGCRegal Entertainment Q3 estimates lowered below consensus at Stifel
Stifel cut its Q3 EPS estimate for Regal to 12c from 26c, versus the consensus outlook of 23c. The firm cited weaker than expected attendance at theaters this quarter as the reason for the reduction. However, Stifel expects investors to look beyond this quarter when evaluating the stock, and it keeps a $23 price target and Buy rating on the shares.
06:42 EDTIMAXMovie sequel to be released directly to Netflix, NY Times reports
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September 24, 2014
07:30 EDTCNKB. Riley to hold a tour
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September 23, 2014
10:50 EDTIMAXIMAX management to meet with Sterne Agee
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07:44 EDTCKECWedbush to hold a conference
CA Dreamin' Consumer Conference: The NY Edition to be held in New York on September 23.
September 18, 2014
08:32 EDTAMCAMC Entertainment increasing CY14 authorized CapEx by approx. $39M
Due to continuing improvement in operating results at theatres where AMC Entertainment Holdings has deployed strategic initiatives, the company’s Board of Directors announced today it is increasing calendar year 2014 authorized capital expenditures by approximately $39M to accelerate the rollout of its on-going customer experience initiatives. The additional capital will support AMC’s strategic focus on more guest comfort and convenience, enhanced food and beverage, and premium sight and sound. The approximately $39M represents a nearly 20% increase from the estimated $200M in planned net cash outlays in 2014. Actual total capital spending for 2014 will be approximately $265M-$285M, before expected landlord contributions of $35M-$55M. The company does not expect the capital spending acceleration to impact its anticipated 2014 Adjusted EBITDA or its quarterly dividend, but does expect the theatres benefiting from the accelerated investment to be better positioned to capitalize on the anticipated improvements in the 2015 film line up.
07:32 EDTIMAXMKM Partners to hold a conference
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September 17, 2014
15:24 EDTAMCAMC Entertainment management to meet with MKM Partners
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07:34 EDTIMAXIMAX and China's Stellar Cinemas expand agreement with four new IMAX theaters
IMAX and SMI Corporation, a Chinese entertainment and media company that operates theatres under the name Stellar Cinemas, are expanding the parties' revenue sharing arrangement with the addition of four new IMAX theatres in China. The deal brings the exhibitor's total IMAX commitment to 11 theatres.

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