Tag Archives: Regal Entertainment

Strong box office turns tide for Regal Entertainment

 
twilight_atb_12.jpgWeak movie theater attendance has been a drag on Regal Entertainment Group profits in recent months, but that is changing in the opening weeks of 2012.

Two financial firms this week raised their ratings and price targets for the Knoxville-based theater operator’s stock, citing improved theater attendance and advertising.

Piper Jaffray upgraded its rating for both Regal and National CineMedia, an in-theater digital advertising venture co-owned by Regal, to overweight from neutral.

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Now’s the time to invest in Regal Entertainment — or is it?


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Movie theater attendance was down last year and 2012 expectations are uncertain. Even so, a writer for the investment website Investopedia says today it’s a good time to own Regal Entertainment Group stock.

Taking a less rosy outlook on the Knoxville-based movie theater operator are a pair of financial research firms that on Tuesday downgraded Regal stock and lowered their price estimates.

Who’s right?

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A truly moving movie experience

With ticket sales declining, movie theaters are investing in new technologies to enhance the movie watching experience. The newest gimmick — motion-enhanced theater seats.

D-Box Technologies Inc., a Canadian company, is marketing a new seat that moves forward, backward and side to side in sync with the action on the screen. Does that sound cool, or what?

Check out this Wall Street Journal story: Gyrating at a Theater Near You: D-Box’s Moving Movie Seats

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Gender equity elusive in Tennessee boardrooms

A new study of women in corporate leadership in Tennessee shows that gender equity remains elusive in the board rooms of the state’s publicly traded companies.

regal_MP_13099.jpgAmong many interesting findings, the study, “Women in Corporate Leadership: 2010 Census,” found that in 2009 only 8.3 percent of director positions in Tennessee’s public companies are held by women. The state labor force is about 48 percent female.

However, a handful of East Tennessee companies offered bright spots for gender equity advocates, the study found.

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Analysts get it wrong — ET companies doing well

Second quarter earnings are turning out pretty good for publicly traded companies with East Tennessee connections — much to the surprise of analysts.

restaurant03.SY%2311158.jpgOn Thursday, Greeneville-based air freight company Forward Air reported its 2Q profit nearly tripled and Maryville-based restaurant chain Ruby Tuesday reported a profit of $21 million, up 45 percent from a year ago.

Earlier this month, aluminum maker Alcoa reported a profit of $136 million, a reversal of fortune from a loss of $454M a year ago. Even First Horizon National Corp., parent of First Tennessee bank, has returned to profitability with a slender profit of $2.7 million, or 1 cent per share.

Will the trend continue? Will analysts predictions be any better?

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