RGC - Regal Entertainment Group (NYSE Stock)

[teenwolf41]

Reports tomorrow. Currently my 2nd largest position. 5% yield. Best of breed and is the beneficiary of all the hot summer movies. Won't have dramatic price swings, but I see more people going to the movie theater instead of big expensive trips. I'll take my 5% yield without question!

[BadThad]

Not the most exciting stock, but a good one to hold and collect the divy.....solid company.

[teenwolf41]

Not a great day to have RGC be my 2nd largest holding. I think todays sell off is completely overdone for a company that is beating on the top line and bottom line. Almost yields 5.6%, could be a good entry point.

[paperchase]

Regal Entertainment Group Reports Results for Second Quarter 2009 and Declares Quarterly Dividend
6:00a ET July 30, 2009 (Business Wire)
Regal Entertainment Group (NYSE: RGC), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, today announced fiscal second quarter 2009 results and declared a cash dividend of $0.18 per common share.

Total revenues for the second quarter ended July 2, 2009 were $789.2 million compared to total revenues of $675.8 million for the second quarter ended June 26, 2008. Net income attributable to controlling interest was $40.5 million in the second quarter of 2009 compared to $24.3 million in the second quarter of 2008. Diluted earnings per share was $0.26 for the second quarter of 2009 compared to $0.16 during the second quarter of 2008. Adjusted EBITDA(1) was $167.1 million for the second quarter of 2009 and $124.4 million for the second quarter of 2008. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.

Regal's Board of Directors also today declared a cash dividend of $0.18 per Class A and Class B common share, payable on September 18, 2009, to stockholders of record on September 10, 2009. The Company intends to pay a regular quarterly dividend for the foreseeable future at the discretion of the Board of Directors depending on available cash, anticipated cash needs, overall financial condition, loan agreement restrictions, future prospects for earnings and cash flows as well as other relevant factors.

"I'm pleased to report that Regal achieved both record total revenue and Adjusted EBITDA during the fiscal second quarter," stated Amy Miles, CEO of Regal Entertainment Group. "Our demonstrated ability to convert revenue growth into increased free cash flow allowed us to continue providing meaningful value to our stockholders," continued Miles.

[teenwolf41]

Down 7 straight days.

[lovemoney]

Down because of concerns about costs and lagging in industry sales, but still turned a profit. Revenue increased 17 percent to $789.2 million, topping analysts' average forecast of $781.6 million, according to Reuters Estimates. It is a solid company and stock is trading well below it's yearly average. Number 1 movie theater operator. Some of the costs are adding 3d screens. ($70,000 ea). They said about half of the growth in ticket prices in the second quarter was from 3-D and Imax. I figure it'll be a hell of a bargain when it hits bottom for a long hold.

[lovemoney]

Has really moved back up nicely this month. I picked up some good bargains on it during it's lows last month. Looks like it's consolidating a little now before hopefully continuing on up and breaking through the old high in July.

[lovemoney]

Worked it's way back up and broke above the previous high today. Looking good.