New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 23, 2014
04:55 EDTIMAX, IMAXIMAX management to meet with Barrington
Meeting to be held in Chicago on May 28 hosted by Barrington.
News For IMAX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 2, 2015
06:50 EDTIMAXIMAX China concerns provide an attractive entry point, says B. Riley
B. Riley said shares of IMAX are off by 30% since the mid-June peak given recent volatility in China. The firm said there is a low historical correlation with the economy and box office and notes China's box office trends remain strong. B. Riley said the weakness is an overreaction and provides an attractive entry point in shares. The firm rates IMAX a Buy with a $53 price target on shares.
05:48 EDTIMAXIMAX pullback brings attractive entry point, says B. Riley
B. Riley analyst Eric Wold attributes the 30% pullback in shares of IMAX since their mid-June peak to concerns around China. Investors are concerned that China's weak stock market could impact box office trends and put the planned IMAX China IPO at risk, Wold tells investors in a research note. The analyst, however, notes that correlations between economic changes and box office growth are historically very low, and that IMAX has a "strong" film slate for the remainder of the year. Further, he believes risk of a delayed IPO is already more than reflected in the shares. Wold points out his price target of $53 represents 75% upside from current share levels. He sees an attractive entry point and keeps a Buy rating on IMAX.
August 26, 2015
15:05 EDTIMAXNew 'Star Wars' film will monopolize IMAX for a month, Hollywood Reporter says
Disney's (DIS) "Star Wars: The Force Awakens," which will be released December 18, will have four weeks of IMAX (IMAX) large-format screens to itself, according to the Hollywood Reporter, after IMAX reserved all of its screens for the movie for a month, something the company hasn't done since a similar deal with The Hobbit movies four years ago. Reference Link
August 20, 2015
07:33 EDTIMAXIMAX and Shanghai Film Corp. sign five-theater expansion in China
IMAX announced an agreement with Shanghai Film Corporation and its subsidiary, Shanghai United Circuit Co., for five additional IMAX theatres in China. Four of the theatres will be located in existing multiplexes in Hangzhou, Qingdao, Shenzhen and Chengdu, with another to be added to a new development in Changzhou. Over the past year, the parties have signed agreements for 26 theatres.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use