Well they issued the PR and confirmed Wanda exercised their option for the 80 additional theaters in the deal from June.
I'm really amazed at the selloff today. They had a good quarter ex-Brazil and mgmt. said Brazil should be breakeven by Q1. US did fine. China is doing very well.
Last Q the volume was almost 300K on earnings day. Today so far it's only 16.5k. I think mostly you have a bunch of small sells dumping shares because they just look at the headline EPS number and panic without any understanding of the actual story.
I bought some more today at 5.15. If it gets much lower I plan on buying more.
Why be angry at them because they have influence? People don't listen to someone for too long if they aren't usually correct. I certainly don't think a neutral rating is a shocker. If you think the price is way too low this is your chance to buy more.
That's funny since Valuable Insights recently posted about OTIV. I tend to be a little dyslexic so I hope I don't buy the wrong one by mistake!
My top four holdings right now are IMOS, LAKE, OSHC, and RDI. I have been taking profits in some companies that have run up a lot, buying into some of the laggards, and building a cash position. How about you?
The higher the 'bubble' is the less likely it is to return back to that price anytime soon.
So when you are dealing with a bunch of irrational people your inclination is to join them? That's all fine and good as long as you get out before the bubble pops. Of course that's not always an easy thing to do when you are dealing with a bunch of irrational, momentum riding investors. If that's the way you invest good luck to you. I can't stomach that.
I always consider the risk/reward profile of a stock when I invest. When I was buying IMAX in the high teens to mid twenties I felt very comfortable that the upside was much higher than the downside. I don't have that same comfort level now which is why I downsized my position significantly. I never get married to a stock and there are plenty of other companies out there which I like more at this point, especially in the near term.
Without. I want to value the stock based on their current business. Buyout is pure speculation and I would (almost) never buy a stock just on some off chance it may get bought. As far as major partnership (not even sure what exactly you mean by that) or new products I can't value something that hasn't happened yet.
The stock has done fine. It's up over 30% YTD. If Wall St. has been 'burned' by this stock then they can't be too bright.
It's not like this is a surprise hit. Everyone knew Hunger Games would do well. IMAX shouldn't fly up on one hit movie just like it shouldn't fly down on one bad movie. The stock also ran up in anticipation of the movie and much like Lion's Gate this is a 'sell the news' event.
How about figuring out what the company is actually worth? I've personally sold a sizeable portion of my shares. I still like IMAX long term, but can you really make a case that it's worth $40 at this point? I don't care what metric you use - P/E, DCF, etc. I've never come up with anything higher than $35 myself and even that's a stretch at this point. I think IMAX is pretty close to fairly valued. If you have a different opinion I'd like to see the math.
The press release says on or before so I'm not sure how locked in it actually is. I would think they can pretty much do the deal with Thailin's agreement at anyway.
"The second closing for the remaining shares (2,093,705 shares) is expected to take place on or before January 31, 2014 (the "Second Closing Date")."
I wouldn't say for sure that Jan 31st is what they actually expect. This is the same company that has had a buyback in place and not bought back anything. On the CC they also said give us a few weeks to announce something about the buyback and waited a total of three days.
I have not seen any mention from LF about discontinuing the LP2 (although I think they should). As far as I'm aware they still offer the LP2, LP2 Power, and LP Ultra.
I just checked and that $39 price is not on Black Friday. It's a PRE Black Friday event which actually starts tomorrow (11/22) at 8am. I'm not sure what to make of that. We have no idea of knowing if LF contributes to that discounted price or not but they clearly did discuss discounting on the last conf call.
Jaret - Just curious what questions you requested clarification on. What in particular didn't you expect? Was it that they are doing it in two parts?
"Comprehensive income is the sum of net income and other items that must bypass the income statement because they have not been realized, including items like an unrealized holding gain or loss from available for sale securities and foreign currency translation gains or losses. These items are not part of net income, yet are important enough to be included in comprehensive income, giving the user a bigger, more comprehensive picture of the organization as a whole."
I don't think shorts have a 'strangle hold' on the stock. If there was a lot of conviction on the long side then you wouldn't be worrying about the shorts much. Look at TSLA. It's been just as heavily shorted for the past year but has managed to triple.
The shorts obviously have conviction in their position. I haven't checked the borrowing costs for LF, but usually the more heavily shorted a stock is the higher the borrowing cost.