Travis Johnson

IMAX Accounting and Legal Woes Make It a Sell

Philip, I love your conspiracy theory ... but would a pair of friendly Canadians do that? In all seriousness, I think Imax probably overshot and demanded either too much autonomy or too much money from investors -- if they really set the bar at $14 that was a significant reach.

But I think you're right, the company's worth much more than it's selling for today ... the only question is how long it will take for that worth to be realized. I think, truthfully, that even an $8 takeover would be a bargain for any acquirer, assuming that the lawsuits and accounting inquiries are as unimportant as they seem to me.