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Cramer Recommends Cinemark (CNK)
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Posted on 02/05/10 at 7:40pm by Bud Fox
Tonight on Mad Money, Jim Cramer recommended Cinemark Holdings (NYSE: CNK) as a speculative play on the 3-D movie business. He cited an attractive yield, a strong balance sheet and a cheap earnings valuation in recommending this stock. He acknowledged that there is some risk in this investment, but believes it could pay dividends in the long run. Cinemark (CNK) is currently trading at $14.33.
Cinemark Holdings, Inc. (CNK) is engaged in the motion picture exhibition industry, with theaters in the United States, Canada, Mexico, Argentina, Brazil, Chile, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Colombia.
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