Renewed investor enthusiasm in Cineplex Inc. has sent its stock up 14 per cent from its low point earlier this year. The blockbuster Avengers: Infinity Wars alone accounted for 24 per cent of second-quarter exhibition revenues at Cineplex. ( Marvel Studios )At $32, the stock is still trading at a roughly 40 per cent discount to its peak last year. Cineplex is gradually succeeding with its strategy of reducing its reliance on the unpredictable appeal of the movie studios’ output. Only its luxury retailer Saks Fifth Avenue is clicking, with an impressive 6.7 per cent gain in same-store sales.

Source: thestar September 17, 2018 09:00 UTC