Here is what happened...07/05/2011
Sector Snap: Cinema stocks fall amid 3-D worries
Shares of movie theater companies drop after Janney downgrades Cinemark, Regal
NEW YORK (AP) -- Shares of movie theater companies such as Regal Entertainment Group took a hit Tuesday following downgrades from an analyst lamenting a recent decline in 3-D movie attendance.Janney Capital Markets analyst Tony Wible said that 3-D movie attendance has fallen the past month compared with attendance at regular-screen movies.
As of Oct 2012 hitting $22 even it went to $27 and change. After the downgrade shares slide to just above $16...and yet before the end of 2011 shares traded all the way to $20. Now...what stock hit $38.50 on a 1 year chart and can still be had for pennies? Use the Ragingbull website. Find the message board for MGM, read 282.