Gary Bourgeault
Long only, research analyst, portfolio strategy, media

Carmike's Growth Strategy Looks Solid Going Forward

Since my last report on Carmike (NASDAQ:CKEC) the share price of the company has jumped from its close on June, 26 2013 of $18.00 per share, to $26.35 on January 17, 2014, a gain of over 46%. I don't think the share price of the company is done running yet.

For the most part Carmike continues to focus primarily on the rural markets, although that has changed some with its recent acquisition of Muvico. That's not to say the company didn't have a presence in larger markets, just that they didn't dominate them in any way. Muvico is sure to gradually change that, and it plays into the concession strength of Carmike.

The other major strength of the...

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