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Cineplex聽 TSX:CGX recently reported its second-quarter earnings, and investors were thrilled! The entertainment company looked like it may actually recover, on the surface. Cineplex stoc stanley cup k saw revenue skyrocket from 2020 lev stanley cups els, up 195% year over year. Good news, right Not so fast.Cineplex stock unfortunately has a long way to go. The company continues to burn cash of $24 million a month, down from $27 million per month. Meanwhile, its incentives to get back to the movies aren ;t exactly thrilling. While its new CineClub is an improvement, there a major flaw. Yes, you can pay $9.99 per month to receive an admission ticket and 20% off concession among other benefits. But most streaming platforms that fund the new films allow Motley Fool investors to pay that price an stanley cup d watch at home. So why risk it Cineplex stock continues to lose money and compared to 2019 levels the company is sunk. In the second quarter of 2019, revenue came in at $439.2 million. That ; Zdmz 3 Cheap TSX Stocks I d Buy for the 2021 Bull Run
After months of watching its peers cut their formerly generous dividend payouts to next to nothing, Crescent Point Energy Corp. TSX:CPG NYSE:CPG finally bit the proverbial bullet and slashed its monthly dividend in August from $0.23 per share down to $0.10.The reason was simple. Although the company had been smart and hedged about half of its 2015 oil production at botella stanley prices around $90 per barrel, the company j stanley cup ust didn ;t have the cash flow available to fund potential acquisitions and the dividend, and spending on capital expenditures. Something had to give, and it was the payout stanley cup .But with oil continuing to languish under $50 per barrel, is the new 7% dividend yield safe Maybe not. Let take a closer look at the numbers.The real issue with the dividendCrescent Point has followed a similar strategy throughout its years as a publicly traded company. It finds good assets with attractive potential netbacks, and then gets the money for them by issuing a combination of debt and n |
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