B. Riley & Co. analyst Eric Wold said the acquisition should bring stronger producing assets at an attractive multiple to the Carmike circuit. "We believe this transaction clearly demonstrates management's ability to find high-quality assets--Sundance generates 3x the cash flow per screen of [Carmike]--for an attractive valuation," Wold wrote in a note. Wold noted that this is Cirmike's first acquisition since May 2014. Investors were getting impatient, but he said this deal should help boost their confidence as management will likely use the remaining balance sheet to drive shareholder value through selective acquisitions.