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IMAX Corporation Message Board

  • iwynne2002 iwynne2002 Feb 8, 2013 11:08 AM Flag

    Market Seems to be Loving the News

    Maybe the shorts are getting a bit nervous here. With the threat of a buyback in the works they may be wise to cover for the time being. Price action looks very good so far today.

    Sentiment: Hold

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    • The question everyone should be asking themselves is this:
      Why would IMAX be expanding a credit facility they barely use.
      Yes, the terms are better, but that's just better value. The question is, why increase the value?

      Answer 1: Just because they can? Maybe. It's a good idea to have access to $$$ when you need it.

      Answer 2: Their need for capital will soon be growing. Working Capital will not only be required for screen installs, which currently easily fund themselves, but for an accelerated roll out of more it new screens or be it projectors (laser upgrades?).

      To me, this is a precurser to a Higher rate of growth.

      Come on 1,000 laser screens by Avatar 2! (2015)

      Imagine a marketing campaign that says "see the IMAX difference" and you see a drab/dark 'conventional' 3D screen right next to a an IMAX laser screen.

      "See avatar 2 in IMAX and IMAX laser"

37.99+0.61(+1.63%)Nov 25 4:02 PMEST