With Upside Largely Priced In, Hold Off On Streaming Play Cinedigm Stock [Seeking Alpha]
Cinedigm Corp - Class A (CIDM)
Last cinedigm corp - class a earnings: 2/13 04:05 pm
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US:NASDAQ Investor Relations:
investor.cinedigm.com
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Source: Seeking Alpha
SummaryWhile an "also ran" in the streaming space, Cinedigm has the potential to scale up in the coming years.However, today's share price more than reflects the potential value of this fast-growing business.Controlled company and dilution risks could also limit additional upside from today's prices.Another round of the "Robinhood effect" could mean a repeat of the speculative spikes seen in this stock earlier this year.Not a strong opportunity right now, but keep CIDM stock on your radar if it sinks further from here.Despite its focus on the future of entertainment (streaming), Cinedigm(NASDAQ:Sure, shares have seen sporadic pops (especially during the height of Covid-19 lockdowns back in June). But, while it's been a profitable trade for speculators, is this a name for long-term investors to consider?On one hand, the company has quietly built up a network of widely available OTT, or over-the-top, channels. As "cut the cord" continues, and streaming platforms become the norm, you can
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