IMAX: Turning The Corner Post-Pandemic

Nov. 20, 2022 3:06 AM ETIMAX Corporation (IMAX)1 Comment

Summary

  • IMAX is a technology company that is actually a consumer discretionary business. This is because it generates revenues from movie ticket sales, a consumer discretionary good.
  • Its business reflects this and it was hammered particularly hard by the pandemic. Prior, it was a profitable business with a clear upwards trendline as to its core business metrics.
  • It continues to be a unique business with no immediate competitor within its core market.
  • IMAX is showing early signs of strength this past fiscal year and should report solid results for Q4 2022, which is traditionally its strongest quarter.
  • Considering its steady state prior to the pandemic, along with its present secular positioning, IMAX looks like a good buying opportunity.

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Overview

IMAX (NYSE:IMAX) is a relatively well-known company to theatergoers. Providing a unique big screen experience complete with custom audio, IMAX can be considered unique and the de facto market leader in upmarket cinema technology. The firm

SeekingAlpha.com IMAX 11.18.22

SeekingAlpha.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

Koyfin.com IMAX 11.18.22

This article was written by

Equity long/short, value and growth investing.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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