$MCS and $CNK: Tracking the Thesis (Research Note)

Recent observations in relation to the thesis for Marcus and Cinemark.

The following Research Note on Marcus Corporation (MCS) and Cinemark (CNK) shares some recent observations as it relates to the underlying thesis.

Specifically, I go over:

1. Quick Thesis for MCS and CNK

2. Very Recent Observations

3. Marcus Recovery

4. Cinemark Recovery

5. MCS vs CNK (Investment Perspective)

6. Context / Portfolio Update

For those of you already following the situation (including over the last couple of weeks), there won’t be anything new here.

However, for those who haven’t looked into MCS or CNK, you may find this interesting. Additionally, if you are looking for more information on Marcus and Cinemark, I recommend:

1. Dan Loeb’s Q3 2024 Letter discussing CNK.

2. John Huber’s Base Hit Investing.

3. Waterboy Investing’s MCS write-up.

4. Cinemark Investor Presentation.

5. Marcus Investor Presentation.