Aug 102013
 

I didn’t get the new job (-_-;)

About 4 months ago I blogged about going for an interview at one of my favorite restaurants in the world. I was already making passive income from their stock dividends, but I decided it would be fun to make some active income as well by working there part time! Unfortunately I still haven’t heard back from their recruiter yet so I think it’s safe to assume they do not want me. Maybe I’m just not qualified to work at McDonald’s 🙄 Oh well. Perhaps the sluggish economy is partly to blame.

dog_interviewer

July Employment Numbers

Speaking of the economy, south of the border the US gained 162,000 net new jobs last month. Employment rose in retail trade, services, and financial activities. They need to create about 250,000 new jobs every month to sustain a normal recovery. So the US dropped the ball a little bit in July, but it’s still an enormous success when compared to Canada’s poor performance. We lost about 39,400 net jobs last month 🙁 Most positions lost were in the public sector like teachers, social service workers, and other government employees. Below is a broken down look at Canada’s job numbers.13_08_july_jobs

Making Money at the Movies

This actually happened a couple months ago but Cineplex has increased their dividends 😀 This has been one of my favorite stocks 🙂 A couple years ago I blogged about how I invested $2,000 in CGX:TSE which owns movie theaters in Canada. I predicted that theaters would be in a great position to take advantage of all the upcoming movie brands and releases without the risk of investing in individual Hollywood studios directly.  CGX dividends rose from 11.25 cents/share every month, to 12 cents 😀

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Nov 142011
 

This idea came to me after watching an episode of The Big Bang Theory in which Leonard and Penny bicker about which movie they should see. Morale of that episode seems to be that guys are willing sit through boring movies with their girlfriend if it means they can score afterwards. I did a little research on the whole film distribution business and found that Cineplex Inc (TSE:CGX) practically has a monopoly in Canada.

After further scrutiny I put about $2000 into this company. I purchased 80 shares at $25.28/share. I think this will be a very good investment in the long run. They serve over 70 million guests every year and operate all the largest theaters in the country like Famous Players, SilverCity, Scotiabank Theatres, and IMAX. They make serious doe from concession sales as well. 85% margin on popcorn and drinks! And they are still growing and opening up new locations.

Their financials hold up nicely too. A long track record of solid earnings, a 5% dividend yield, and 50% payout ratio. What does that mean? Well, even if the economy and Cineplex’s earnings stagnate forever then one year from now this company will still be worth 10% more than today. Even if it drops in the short term, no big deal, I’m getting paid $100 in cash every year just for holding on to it. Patience begets wisdom. Or was it the other way around?