Shares of Regal Entertainment Group (NYSE:RGC), the owner of Regal Theaters, have soared this year, rallying 33% as seen in the chart below. Nonetheless, I believe RGC remains significantly undervalued and is poised to deliver strong growth to long term shareholders.
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Regal Theaters is the largest movie theater chain in the United States with 575 locations in 42 states. The firm focuses on large multiplexes, averaging roughly 13 screens per location in urban and suburban areas, giving the firm operating leverage during the summer and Christmas holiday season when it can show the biggest blockbusters on multiple screens. In this article, I will explain why I believe the movie business will be strong in the...
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