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IMAX Corporation Message Board

iamforstocks 86 posts  |  Last Activity: 14 hours ago Member since: Apr 11, 2004
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  • Reply to

    Best Ever presentation!

    by ekave36 Sep 11, 2014 8:24 PM
    iamforstocks iamforstocks 14 hours ago Flag

    Ekave,

    Thanks for the informative posts. As you mentioned , most of the information is well known but what is also well known is the absolute greed of the mgmt which is the worrisome aspects. They are also prone to lie and that adds uncertainity and confusion regarding the progress in China specifically when we see that the much brandied progress is not translating to noticeable revenues and profits. Add the insider selling to that and the situation gets even murkier.

    Hoping that your optimism and my hope translate to reality!!

    Sentiment: Hold

  • Reply to

    Best Ever presentation!

    by ekave36 Sep 11, 2014 8:24 PM
    iamforstocks iamforstocks 20 hours ago Flag

    Ekave,

    I like your posts and optimism. I am optimistic too although it may not show in my posts :) Imax is my largest holding and the stock performance has been pitiful in the last few years.

    While China demand may be big for various reasons , the proof is in the pudding. If China network does not translate to tangible profits , markets are not going to value the stock any higher. Knowing the wheeling dealing nature of Gelfond and his cronies , who knows how the JVs were actually structured?

    Talking about wheeling/dealing , my distrust in mgmt is a result of factors more than insider selling. These guys "managed" the books in the past to sell IMAX to some unsuspecting entity but the markets and the potential suitors were too smart for them. Their lucky break came from the onset of the digital wave and the fact that Imax already had the technology.

    They did their best to dump the company but did not succeed. They got lucky again and doing the next best thing to selling the company...rampant insider selling while the going is good.

    So, it is more a question of their motivations!! Do they really have long-term commitment to the company and have the best interests of the share holders OR just milk the company as much as they can and shareholders be damned.As of now, the rate at which their holdings are being minimized, milking seems to be the overriding goal.

    Sentiment: Hold

  • Reply to

    something happening after hours?

    by bwintersx Sep 19, 2014 4:41 PM
    iamforstocks iamforstocks Sep 19, 2014 4:45 PM Flag

    Seems like something is happening. The volume of shares traded is not insignificant!!

    Sentiment: Hold

  • Reply to

    Best Ever presentation!

    by ekave36 Sep 11, 2014 8:24 PM
    iamforstocks iamforstocks Sep 19, 2014 7:58 AM Flag

    The stock has been struggling for teh last few years compared to the markets.While i love the product and still believe that there is at least one more up/hype cycle for the stock, there are a few issues.

    1.Selfish , "Fill my belly first" type of mgmt indulging in rampant selling contrary to their public/media speak.
    2. China profit percentages unclear and most likely low. The network and backlog numbers are brandished/hyped but the actual profitability is under the wraps.The major growth areas either do not have JVs or the percentages are not satisfactory.
    3.PSAs decline in North America.
    4.Rate of installations is a cause for worry. There are definitely some factors out of Imax's control but that does not seem to fully explain the lag.
    5.Earnings inconsistencies.
    6.Laser deployment delay. Revenue impact is still unknown although i think it will be beneficial to PSAs in North America.
    7. Uncertainity about the success of the new initiatives like Home theater systems considering the failed initiatives in the past. I am optimistic in this regard but the proof is in the pudding and the markets are willing to trust the duplicitous mgmt..
    8.The impact of manifold increase in content access choices to audiences is unclear. Perception is reality. The decline in Box office revenue is currently being interpreted as a combination of "content quality" and "Alternate choices". Imax is trying to sell the idea that it is capable of bringing the audiences to the theaters.

    Having said that , i am still thinking that IMAX will hit $40 at least at which point i plan to sell. Hopefully , i don't get crushed while waiting for it.

    Sentiment: Hold

  • The deal has done nothing for the stock price. As i have been insisting , markets need proof of earnings growth not just PR fluff. Markets had enough of the hypocritical and duplicitous BS being spewed by the greedy mgmt.These guys have lost all their credibility. Anything they say is treated with suspicion because of their actions.

    Sentiment: Hold

  • Reply to

    Best Ever presentation!

    by ekave36 Sep 11, 2014 8:24 PM
    iamforstocks iamforstocks Sep 16, 2014 4:02 PM Flag

    Basically, the mgmt needs to new stuff to hype while they dump their options/stock. However , one way the profitability can increase is when the Laser related R&D expense stops which would increase the profit margins but that is only going to be one time and then a plateau after that unless the laser roll-out adds a lot of dollars to the bottom-line.

    Sentiment: Hold

  • Reply to

    Best Ever presentation!

    by ekave36 Sep 11, 2014 8:24 PM
    iamforstocks iamforstocks Sep 15, 2014 9:35 PM Flag

    Well put. The mgmt is a bunch of liars but i think there is still some hope. Are u sure laser based theaters are only 50? It could be more like ~100.. I am waiting for the next up/hype cycle to occur and most likely exit during that.

    Sentiment: Hold

  • Reply to

    Best Ever presentation!

    by ekave36 Sep 11, 2014 8:24 PM
    iamforstocks iamforstocks Sep 12, 2014 9:27 PM Flag

    Not so fast!! not much new stuff , just more words. Same info about Laser , same number of installations per year,015 movie lineup, a little more color on backlog etc...

    Talked about lower percentages from studios in China but did not discuss the percentages from JVs in China. Studios typically get 25% in China and 9% of it is not much. JV percentages may be even lower.

    Of course, the interviewer never asked about insider sales!!
    To compare China network with North America network and gloat about it is meaningless. The actual revenue from Chinese JV maybe 1/4th or even lesser per theater compared to the theater in North America.

    Sentiment: Hold

  • Reply to

    Apple Ecosystem Exposed Next Week

    by angry_old_hag Sep 12, 2014 1:12 PM
    iamforstocks iamforstocks Sep 12, 2014 2:06 PM Flag

    I do not understand this Tear-down Charade. Apple already announced the release of it's products and will start selling them on 19th. So , what is stopping the companies like INVN announcing if their chip is in or not in Iphone ecosystem instead of the markets/investors waiting for the tear-down.

    Is it like a the wall-street version of the lottery game?

    Sentiment: Strong Buy

  • Reply to

    recent positive price action

    by ekave36 Sep 11, 2014 10:26 AM
    iamforstocks iamforstocks Sep 11, 2014 3:20 PM Flag

    Probably nothing new...the droning nasal voice saying things like Laser , backlog, China popularity , HBO..blah blah..never once will the voice mention the rampant insider selling minimizing their holdings and how their behavior aligns with their public utterances/optimism regarding imax/laser future.

    Sentiment: Hold

  • Reply to

    Bounced right off the 50 day moving average

    by bwintersx Sep 10, 2014 3:12 PM
    iamforstocks iamforstocks Sep 10, 2014 5:16 PM Flag

    Bwinter,

    If you are an IBD believer , the stock has formed a perfect "W" type chart followed by the handle phase(Currently in handle phase). From here, it is supposed to do something big..either breakout or breakdown. Again , this is all true if you believe IBD mumbo jumbo.

    Sentiment: Hold

  • iamforstocks by iamforstocks Sep 10, 2014 7:44 AM Flag

    The one rare day this stock rose up by few cents , the other stocks in my portfolio which provided 50-100% over the last 2 years have dropped . Of course , IMAX is my highest holding so it does hurt that the stock is stuck in a rut...

    Maybe better days ahead!!

    Sentiment: Hold

  • iamforstocks iamforstocks Sep 9, 2014 1:25 PM Flag

    Wouldn't it take sometime to actually determine that INVN is in AAPL. Tear-down has to happen , correct.? How will today's event help? Guesswork?

    Sentiment: Strong Buy

  • Reply to

    Additional changed insider trading patterns

    by ekave36 Sep 5, 2014 10:37 AM
    iamforstocks iamforstocks Sep 8, 2014 3:17 PM Flag

    Just when the stock tried to rally on a good volume , the insiders have to jump in and sell again.. The rally has been stifled since the insider sale has been made public. The $$##%s have been doing this over and over again for years!!

    Sentiment: Hold

  • Reply to

    Additional changed insider trading patterns

    by ekave36 Sep 5, 2014 10:37 AM
    iamforstocks iamforstocks Sep 6, 2014 12:22 PM Flag

    There is only one pattern to the pigs gorging ..so easy to predict the behavior of these hypocrites....disgustingly shameless

    Sentiment: Hold

  • iamforstocks by iamforstocks Sep 3, 2014 9:47 AM Flag

    I was on a work related visit to LA and and had been to the Playa Vist site( (new IMAX office space) . I have to say , the area is very nice and lot of new construction activity happening there.

    Sentiment: Hold

  • Reply to

    Interesting price action on IMAX

    by ekave36 Aug 28, 2014 8:23 PM
    iamforstocks iamforstocks Aug 29, 2014 5:15 PM Flag

    The situation with the stock is so pathetic and the investors are so parched for positive price action that a nickel and dime price movement on measly volume is causing celebration....or , maybe some IBD enthusiasts are seeing this as cup and handle scenario before the break out??

    Sentiment: Hold

  • Reply to

    NASDAQ on a tear....

    by gharabe Aug 26, 2014 12:15 PM
    iamforstocks iamforstocks Aug 26, 2014 12:53 PM Flag

    It is all those damn shorts!!

    Sentiment: Hold

  • Reply to

    NASDAQ on a tear....

    by gharabe Aug 26, 2014 12:15 PM
    iamforstocks iamforstocks Aug 26, 2014 12:50 PM Flag

    Gharabe,

    The illustrious mgmt is doing their best, don't worry !! Soon , they will turn it all around,, -:)

    Sentiment: Hold

  • Reply to

    Imax on the road to success

    by ritzkrakow5 Aug 25, 2014 10:42 AM
    iamforstocks iamforstocks Aug 25, 2014 11:18 AM Flag

    Yes. The plans definitely did. Him and his cronies were able to bleed away scores of millions of dollars irrespective of the company's financial performance. Borne fruit alright!!. The stock's financial and price performance in the last 3 years has been , to say the least, sub par but that did not stop the execs from executing their well laid plans...to leech the company to the Max!!

    For them it is Imax in a true sense. I..Max..shareholders be damned!! The stock is practically sick!! Even the best of the waves do not seem to lift it up thanks to the big hole (read mgmt) in the hull!!

    Sentiment: Hold

IMAX
27.64-0.27(-0.97%)Sep 19 4:06 PMEDT

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