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By Paul Goodwin

CineMark (NYSE:CNK) is a movie theater operator with 424 theaters and nearly 5,000 screens in the US and Latin America, which makes it the world’s second-largest motion picture exhibitor (Regal Entertainment (NYSE:RGC) is #1).

Revenue growth has been steady, advancing even during the Great Recession. CNK has been outperforming the broad market since the stock’s correction ended in August 2009. The steady price appreciation, together with the generous dividend and good outlook for theatrical movie distribution makes CineMark a good choice for the aggressive growth portion of your stock portfolio.

My interest in CineMark comes from the company’s Latin American exposure, which accounted for more than 20% of 2008 revenues. China may be the engine of global growth and the home of many of the stocks featured in the Cabot China & Emerging Markets Report, but nothing in stock investing is written in stone.

Brazil is a giant market that keeps moving in the right direction and the rest of Central and South America have enormous potential, but they need their biggest trading partner to healthy up. Once the US economy gets its mojo back, the region will begin to spawn stock winners again.

Disclosure: No positions

Source: CineMark: An Entertainment Stock With a Touch of Latin Flavor