Added to YB: 2025-04-16
Pitch date: 2025-04-15
RDI [neutral]
Reading International, Inc.
-11.02%
current return
Author Info
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Company Info
Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand.
Market Cap
$43.6M
Pitch Price
$1.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.03
P/E
-1.93
EV/Sales
1.86
Sector
Entertainment
Category
value
Idea Update and Some Thoughts on Dealing with Market Turmoil - Reading International, Inc.
RDI (update): Nanocap cinema/real estate with successful deleveraging strategy - debt down ~$45-50M (equal to market cap). Trading at ~$194M EV. Q4 cinema segment generated $3.8M profit vs -$4.1M YoY. Key catalysts: Reading Viaduct development, sale of Cinemas 1,2,3 in Manhattan, lease-up of 44 Union Square. Strong box office outlook for 2025-26.
Read full article (6 min)