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  • 'The Wizard Of Oz' Coming To IMAX Theatres: Follow The Yellow Brick Road In Your Portfolio [View article]
    Dogma, could you elaborate a bit more on how the laser technology will drive costs down ? Are you saying that light bulbs cost a lot, because they burn out or something and need to be replaced ?
    Also, Rich Gelfond has sold 200K shares in the last month driving the stock price down quite a bit, any thoughts on that Chris/Dogma ?
    Jun 23, 2013. 05:18 PM | Likes Like |Link to Comment
  • If I Could Buy Just One Stock, It Would Be This One [View article]
    Dividends is relevant to the extent that you can reinvest it in a 'better' investment. Modigliani - Miller showed that this is still irrelevant, as one can create home-made dividends. The examples used in the above posts debating this issue are all bias, in that they do not consider the alternative investment opportunity, instead they assume dividends and sold shares just lay there on your bank acc. and are sold just for the sake of being liquid. Furthermore, they do not consider inflation eating away at your precious dividend's value. So in short, whether BRK pays dividends is irrelevant, because as soon as it does, its value will drop by an equal amount. A good example of this principle is Microsoft. Check their payout dates, and the corresponding drop in share price.
    Jun 16, 2013. 01:21 PM | Likes Like |Link to Comment
  • George Lucas and Steven Spielberg tell an audience at USC that the film industry is heading toward giant upheaval as distribution in the industry evolves. The iconic pair see the theater industry heading toward an increase in premium seating in large-sized theaters (think IMAX) for big-budget films and note that cable networks which have an easier time turning a profit (think HBO (TWX)) will be a logical channel to release more films. [View news story]
    @gomgk, analyst consensus price is $29. So what I think is happening is that institutional managers are getting out of IMAX since there is only a 2 dollar growth left (8%). And the market is offering 14%. I'm long Imax myself. Though I can't tell you if this is a good time to get in on Imax (I'm contemplating buying more at the moment) I can tell you for sure that Imax movies this quarter made about $2.587b excluding Man of Steel, which debuts tomorrow. That is higher than Q3 2012, which had a 0.22 EPS. So I expect EPS for Q2 2013 to be higher than 0.22, though will it be enough to cause a rally? Not sure, especially with all the uncertainty regarding the Fed's QE. Furthermore the stock is overpriced, so maybe investors are realising this now. You have about 4 weeks before the Q2 report is published, so I would pay attention to how well Man of Steel does in theatres, to help you decide.
    Jun 13, 2013. 03:52 PM | 1 Like Like |Link to Comment
  • 'The Wizard Of Oz' Coming To IMAX Theatres: Follow The Yellow Brick Road In Your Portfolio [View article]
    Hey Chris, I've been following Imax and your articles for some time now. And I agree with most of your points. However, what worries me is my valuation of IMAX at best is under $10 a share. The shares seem way overvalued at $26. I've made a nice profit so far, but I wonder how long the share price can remain overvalued. Could you comment on your valuation of Imax?
    Jun 9, 2013. 08:46 AM | Likes Like |Link to Comment
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