Vista Partners Initiates Coverage on Digital Cinema Destinations Corporation; Price Target $9.00
(firmenpresse) - SAN FRANCISCO, CA -- (Marketwired) -- 04/25/13 -- announced today that it has initiated coverage on (NASDAQ: DCIN) ("DCIN"), with a twelve-month price target of $9.00. Ross Silver, Principal Analyst at Vista Partners, stated, "DCIN is dedicated to identifying, acquiring, and managing solid performing movie theaters via accretive transactions and operates them under the brand name, Digiplex Destinations. DCIN was formed in 2010 to take advantage of the digital disruption taking place within the industry as well as the growing consumer demand for alternative content and its ability to positively leverage fixed theater assets." Mr. Silver continued, "Management's strategy for DCIN is to continue to acquire cash flow positive theaters within the nation's top 100 markets and boost those theaters' margins through both synergistic operational improvements as well as an increased use of alternative content. In the coming years, management has a goal of ultimately expanding to a total of 100 theaters and 1,000 screens in operation."
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About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking.
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Datum: 25.04.2013 - 13:15 Uhr
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News-ID 252929
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