Q: Pat, we have held Cineplex for many years for the dividend they paid. Now that the dividend has been cancelled—and with the present COVID-19 crisis closing theatres—what is your recommendation? Thanks.

A: Cineplex Inc., $8.18, symbol CGX on Toronto (Shares outstanding: 63.3 million; Market cap: $523.8 million, www.cineplex.com), is the dominant movie theatre operator in Canada and the fourth largest in North America.

In December 2019, Cineplex agreed to a $2.8-billion friendly takeover. That was before the… Read More