Benchmark Starts Digital Cinema Destinations Corp. (DCIN) at Speculative Buy
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Price: $5.99 --0%
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 13 | New: 6
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 13 | New: 6
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Benchmark initiates coverage on Digital Cinema Destinations Corp. (NASDAQ: DCIN) with a Speculative Buy rating and a price target of $7.25.
"The Company offers a small cap pure play on the on-going consolidation of the domestic theatre industry over a credible management team over relevant industry expertise. The Digiplex executive team has direct operating experience running a theatrical network, having founded Clearview Cinema Group, experience combined with direct working relationships with theatre owners after founding Cinedigm; successfully enabling the conversion of an estimated 12,000 screens to digital. The Cinedigm business venture created a powerful rolodex of success based relationships and effectively populated an M&A framework for Digiplex as they roll up an exceedingly fragmented landscape," said analyst Mike Hickey.
"We view the Company's near term share price risk / reward profile balancing positive, over strong medium term (CY’15 / ’16) box office slate where ticket pricing will likely benefited from premium pricing, alternative content growth, continued theatre network acquisitions and a strong management," he added.
For an analyst ratings summary and ratings history on Digital Cinema Destinations Corp. click here. For more ratings news on Digital Cinema Destinations Corp. click here.
Shares of Digital Cinema Destinations Corp. closed at $5.50 yesterday.
"The Company offers a small cap pure play on the on-going consolidation of the domestic theatre industry over a credible management team over relevant industry expertise. The Digiplex executive team has direct operating experience running a theatrical network, having founded Clearview Cinema Group, experience combined with direct working relationships with theatre owners after founding Cinedigm; successfully enabling the conversion of an estimated 12,000 screens to digital. The Cinedigm business venture created a powerful rolodex of success based relationships and effectively populated an M&A framework for Digiplex as they roll up an exceedingly fragmented landscape," said analyst Mike Hickey.
"We view the Company's near term share price risk / reward profile balancing positive, over strong medium term (CY’15 / ’16) box office slate where ticket pricing will likely benefited from premium pricing, alternative content growth, continued theatre network acquisitions and a strong management," he added.
For an analyst ratings summary and ratings history on Digital Cinema Destinations Corp. click here. For more ratings news on Digital Cinema Destinations Corp. click here.
Shares of Digital Cinema Destinations Corp. closed at $5.50 yesterday.
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