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CPXGF - Cineplex Is Signalling Potential Bankruptcy
Cineplex Inc
Cineplex (CPXGF) has been a rather messy story over the past few years. The share price seemed essentially tied to its staling dividend growth profile, and the company continued to level its balance sheet for growth that wasn't particularly beneficial to bottom-line results. Cineworld (CNWGY), the British theatre chain, had an acquisition of Cineplex going through regulatory approval, only to be nixed as COVID-19 changed the financial prospects of both companies.
Note: Cineplex reports in CAD, and thus all numbers discussed are CAD.