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Stock Market & Financial Investment News

News Breaks
May 28, 2014
08:44 EDTIMAXIMAX China valuation higher than initially thought, says MKM Partners
After reevaluating IMAX's sale of a minority interest in IMAX China last month, MKM Partners now believes that IMAX China is being valued at a premium closer to 4-5 turns higher than the company's overall valuation, versus earlier estimates of in-line to just under a 1-turn premium. The firm now thinks the company may spin off the subsidiary in an IPO within the next 24-36 months. It keeps a $36 price target and Buy rating on the shares.
News For IMAX From The Last 14 Days
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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

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