Larry Meyers
Value, special situations, long-term horizon, small-cap

Regal Cinemas: The Only Way To Invest In Movies

As a stock market investor, the last thing you want to do is get into the movie production business unless its well-diversified like Walt Disney (NYSE:DIS). Since you also can't get into the movie distribution business, which is where all the money is, that leaves the movie exhibition business. In this particular area, the right investment can not only provide capital gains but a solid and reliable dividend. So let's look at Regal Cinemas (NYSE:RGC), and the details behind the movie exhibition business.

The US movie exhibition industry is mature, but still growing at about a 5% compound annual rate, hitting 1.4 billion attendees in 2012. The business can be cyclical - admission volume fell in...

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