Cinedigm Digital Cinema (CIDM) has a rather complex business model. It is really three businesses which all complement each other: (1) digital cinema projector financing, (2) digital cinema services and software, and (3) content rights acquisition and distribution.
For this article, I start with the story of CIDM's financing arm, since that is what came first chronologically. We are interested in Cinedigm due to a few facts: (1) it is entrenched due to its early entry into digital cinema distribution and financing, (2) it has produced strong cash flows over the current market cap (over a 17% cash yield), (3) it has significantly improved its cost of debt financing, (4) it has recently inked a new deal with...
Only subscribers can access this article, which is part of the PRO research library covering 3,592 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: