Box Office Blues

In late 2011, I recommended shares of movie theater company Regal Entertainment (RGC). Over the past 15 months, the shares have climbed 38% and shareholders have received $2.05 per share in dividends. As of Thursday's close at $16.38, that's a total return of around 55% -- not bad for a patient investor over five quarters. To borrow from Kenny Rogers, you have to know when hold 'em and when not to trade 'em too quickly.

Part of my thesis on RGC was the strong lineup of movies coming in 2012. It turned out to be a blockbuster year for movie attendance, led by Disney's (DIS) most recent tent pole, The Avengers series, and rival The Dark Knight Rises from Time Warner (TWX), as well as The Hunger Games, Skyfall, The Hobbit trilogy and Sony's (SNE) The Amazing Spider-Man. These films and others led to a 6.5% increase in box office gross over 2011 to a record $10.8 billion. To be fair, higher ticket prices associated with new formats such as 3-D and IMAX (IMAX) helped goose the box office gross, but not by much as tickets sales in 2012 grew 6.1% year on year....244 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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