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Oil spikes to extend rally, but loses momentumStreaming Wars and the Future of Entertainment – Top Stocks to Watch(A Top Pick July 16/15. Down 13.29%.) He loves this. Fundamentals are outstanding. Building theatres at a great pace in China and have a huge amount of buildout ahead of them. Sold their original theatres. They are joint venturing in China and taking 20% of the top side revenue. All the big movies that are opening in China and North America are benefiting this company’s top and bottom lines.
(A Top Pick May 13/15. Down 21.19%.) Had what he had thought were quite solid earnings, but that didn’t stop the stock from doing a swan dive of $3 yesterday. They are building IMAX theatres in China at a very good clip, which he loves. Had their 1st week where the box office in China was bigger than North America. Has a 20% interest in all their Chinese theatres. Are now also into home IMAX theatres in China. Probably more of a buying opportunity than a reason to be fearful.
They IPOed in Hong Kong recently. They now take a 20% joint venture interest in theatres as they expand. All the big movies like Star Wars want to open in Imax theatres. They are still building theatres at a good clip. It came off because the China IPO was delayed. He is still buying it at this level and thinks it has huge upside.
Not only a great company to own, but is currently on sale for a very specific and short-term reason. They were going to IPO their China theatres, a couple of hundred, but the Chinese market had a very difficult June and all the IPOs got pushed back by the government. They will gradually come to market. Before that, the Q2 reporting is going to really startle people to the upside. This is a long-term growth story.
IMAX Corp. is a American stock, trading under the symbol IMAX-N on the New York Stock Exchange (IMAX). It is usually referred to as NYSE:IMAX or IMAX-N
In the last year, there was no coverage of IMAX Corp. published on Stockchase.
IMAX Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for IMAX Corp..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered IMAX Corp. In the last year. It is a trending stock that is worth watching.
On 2025-04-01, IMAX Corp. (IMAX-N) stock closed at a price of $26.58.
IMAX has been around a very long time, and even had takeover overtures a couple of decades ago. But it hasn't created much value. The stock is about 1/3rd the level of ten years ago. It is not too expensive (but not cheap) at 23X earnings. It has a good global brand and is recovering well from the pandemic. But debt is high, at about 4X cash flow. It showed 8% revenue growth in the 2Q, but this was a sharp deceleration from Q1, as many blockbuster movies disappointed. Q3 'should' be a bit better. EPS did beat expectations. Insiders own 17%. It is hard to get excited here. It remains at the mercy of the movie slate, and with the writer's strike the outlook is probably not great. We would consider it a weak hold, with debt and lack of value creation the main offsets.
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