Added to YB: 2025-09-10
Pitch date: 2025-09-08
RDI [neutral]
Reading International, Inc.
-3.14%
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
$53.1M
Pitch Price
$1.59
Price Target
4.60 (+203%)
Dividend
N/A
Sector
Entertainment
Category
turnaround
Raging Bull Investments | Idea Update - 9/8/2025 - Reading International, Inc.
RDI (update): Cinema/real estate co sold $30M assets, deleveraged but EV dropped 1:1 despite balance sheet transformation. Cinemas generated $5.5M Q2 EBIT vs -$4.6M YoY on improved cost structure. Key catalyst: 44 Union Square leasing could add $5M+ annual FCF, enable refinancing of 11.5% debt. Real estate worth ~$200M (=current EV), cinemas valued at $100M = 3x upside potential.
Read full article (3 min)