Daily Stock Opinions and Ratings

Opinions

Peter Imhof I Max IMX-T DON'T BUY Jun 18, 2008

Got into a little of trouble in the past with revenue recognition. Tried unsuccessfully to sell the company 2 years ago. Changing the business model so are on track in turning things around, Wait to see if the new model will work for them.

Peter Imhof

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$7.390

Stock price when the opinion was issued

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PAST TOP PICK

(A Top Pick July 30/07. Up 30%.) Had a nice breakout in December. Now forming an ascending triangle. Thinks the stock still has some future.

PAST TOP PICK

(Top Short Dec 14/07. Up 20%.) Like it as DreamWorks (DWA-N) are going to start doing all animation in 3-D. Will probably pull back to $4.50-$5 so if you can pick it up under $5, it's a good deal.

DON'T BUY

Selling systems is a very lumpy business. Getting competition. Near the top end of its trading range.

BUY

Pullback is related to the general market pullback and this is possibly a good time to get in. 3-D has come on very strongly last year.

BUY ON WEAKNESS

No-brainer, looking back on it. The stability of revenue from movies is very good. There is a head and shoulders around beginning of May and it may be a warning.

HOLD

ROE is improving. Had a phenomenal run over the last 18 months. It is still a bit rich. Get it in the $12-13.

DON'T BUY

Charges looking really horrible. Support in July last year was at $13 and the stock is not that far from there now. If it breaks through that, he can see it going down to $10. You have to be very careful. Earnings reported in July was down 16%. Volume is still pretty high on the downside.

COMMENT

(Caller indicated directors are buying stocks with their $4 options and selling the stock at $15.) If this is the case, that is not a good sign. Still too expensive for him.

WEAK BUY

The managed to get a cheaper, easier to install IMAX system. You are buying installations. Can easily be deferred by cinemas.

BUY

The media and content delivery space has been very strong this year because you have seen good cash flow growth. It is sitting on technical support after a pull back. Prefers Cineplex slightly. Both are attractive. IMX is a more global story.

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Peter Imhof I Max IMX-T DON'T BUY Jun 18, 2008

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