CNK Buyback, Special Situation Review, and Some Thoughts on Theaters
A Lincoln Post with some quick thoughts on CNK's valuation, its new buyback announcement and a review of the Fairfax preferred shares.
I wrote about the idea of Lincoln Posts — shorter posts, sometimes just entries from my investment journal on some of the companies I follow.
Today is a quick post-mortem on a special situation that worked out along with some notes on MCS, CNK and the cost structure of theaters. CNK also just announced a $200m buyback, which I think is a smart use of capital.
Quick Review of the Fairfax Preferreds