wallstheif, when this is all said and done, I hope you'll reveal your identify so we can give credit to you personally for consistency and generally amusing posts.
To be clear, I've been out well over a year. After buying at $13USD and averaging up to the point where IMAX was my largest position, I dumped every share I ever bought between $31 and $36USD. My alternative investments have on average way over performed the market and, thus, for sure over-performed this dud. Investing with the hopes of a buy-out is certainly something I avoid doing. If IMAX hits the mid-20's and stays there for a few months, I might jump in. The thing is, Gelffy has such a platinum pension and parachute clause upon sale, any activist investor is better to first shame him and his board, depose him and get this asset for cheaper. If I had the weight to throw around, I certainly would.
As a 37 yr-old male, Sully is an interesting to me as The Walk. Anyone younger certainly won't care. The majority of anyone older is wearing thirsty underwear (Depends) and/or doesn't even know what IMAX is. The latter might know who Clint Eastwood is, but, again, not know what IMAX is. I love Tom Hanks, too. Or should I say I loved him. I'm not sure who still loves the guy. People loved Spielberg at one time too - his stuff was solid gold - but look at the BFG? If you haven't had a major hit in the last 2-3 years and you're not constantly in the media, you're irrelevant in this business. Hanks, Spielberg, Eastwood. Dinosaurs. Successful dinosaurs.
Ekave, you are always the optimist, man. Good for you. I want to point out a couple of other things, though:
1) If 'you', the guy that knows everything about IMAX didn't know that Adele's Hello (the biggest song in 12 months) was filmed in IMAX, how on earth would the other 99.99% of the general population. And if they didn't all know, then what credit/publicity/good will/marketing (anything) would IMAX get by being the camera provider? Answer: Nil.
2) Dolby is up 50% this year. IMAX is down 20%. IMAX's has s a good business, poor leadership (and by poor I mean FILTHY FRIG'IN RICH), but still remains highly sensitive to poor movie slates. This year hasn't been bad, but where's the cheese? IMAX management hasn't leveraged its brand; they haven't been able to expand to other markets effectively (example: luxury home theatres in China) effectively.....or, if they have, it hasn't produced massive giant fruits that the HBO effect was promised to do (i.e. China and Profitability).
With all that said, I think IMAX might actually be a good buy here. Not because I think they'll have massive profits/gains from organic growth, but because I think they'll get bought out in the next 6 months. The stock has been a hurting unit. It's all because of management. An activist investor is badly needed here.
Hello, it's me. I was wondering if after all these years youse like to meet and discuss how Adele's "Hello" video - you know, the biggest song in the last year - was shot in IMAX. Again, fanboys didn't care. And they don't care who Clint Eastwood is. And, most importantly, Music videos won't move the needle for IMAX. Ever. There's almost no $$ in them.
Sully will be as memorable as The Walk. Remember that flick? Barely. Sully's the complete antithesis of the fanboy movies that IMaX is supposed to be all about. No one under 50 will care about the movie and those people won't care about it much in IMAX because they don't even know what it is.