Monday, May 23, 2011

Reflections on Reading International's Informative 2011 Annual Meeting

Theater exhibitor and real estate developer, Reading International ([[RDI]], RDIB), which was highlighted in my September 30, 2010 Just One Stock interview , and several other Seeking Alpha articles, held its 2010 Annual Meeting this past Thursday. This year?s meeting proved to be one of the most informative of the many I have attended.

In addition to a slide presentation discussing Reading?s 2010 and Q1 2011 performance, Reading?s Chairman and CEO, James Cotter, Sr. discussed his plans regarding each of Reading?s largest developable parcels, including many I discussed in my March 2011 article, entitled ?Reading International: There's More Popping Than Just Corn?.

A very telling picture of 10-year operating performance ?

One of the most interesting slides presented was slide showing the 10-year trend and levels of Revenues, Adjusted EBITDA, Assets and Debt from 2001 through 2010. What I found interesting that this slide illustrates (below) was the accelerated growth in


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