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IMAX's wild ride
IMAX
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IMAX. Does the company even need a description? With instant name recognition it goes without saying that they make, sell and lease the projection system which delivers larger than life movies. But the company has left investors scared, shaken and sleep deprived...and it isn't because of a recent horror movie they saw in IMAX. Its share price hasn't exactly been larger than life. With a 52 week high of $11, and a current trading price of $4, two huge price drops have burned those holding stock. Recent activity has brought some life to share price though, as buyout rumors brought it up...
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Imax short term recovery
IMAX
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Ha... I blew this one with my last pick.
That being said, no new idea works like an old idea. Imax had ditched the sad plan of selling out. Set some money on this short term in preparation for the following:
Last quarter they did not close a single deal. Mostly, I think, because they were focused on selling the business and not doing business. They will have a lot of hanging deals that get closed this quarter, this will make it look like a major improvement in their business. (not really)
Management will want to show the world that they are now "serious" about the prospects of the compan...
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I (max) screwed up
IMAX
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Ha... I blew this one...
That being said, no new idea works like an old idea. Imax had ditched the sad plan of selling out. Set some money on this short term in preparation for the following:
Last quarter they did not close a single deal. Mostly, I think, because they were focused on selling the business and not doing business. They will have a lot of hanging deals that get closed this quarter, this will make it look like a major improvement in their business. (not really)
Management will want to show the world that they are now "serious" about the prospects of the company going forward....
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IMAX - What Else Is There?
IMAX
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The Imax system has proven itself. Each opening is a success as lines of people wait to get in. Without a change in this sector (format wise) in many, many years, is IMAX the next and only logical change? I'm not Bullish on the management running this company, but the technology is awesome! I hope the shareholders and board members relize the need for a management change to take this company to the next level.
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About Imax Corp
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