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Long idea for the day - imax.
I think the stock has been beaten down because of a weak 1h2011 movie lineup. Take a look at their theatre backlog (close to 300) and the blockbuster hits coming online for 2012. Also take into account their international expansion in China, Singapore, Russia and India and the fact that average theatre revenues are higher internationally and overseas.
2012 could be a huge year for them based on theatre expansion (30% est.) and higher box office revenues. Based on that, EBITDA 2011-2012 will almost double.
Oh and did I mention it's trading at a far lower P/E than its peers?
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