IMAX Corporation: Poised To Enjoy A Flywheel Effect (Rating Upgrade)
IMAXIMAX(IMAX) Seeking Alpha·2024-06-22 19:32

OGULCAN AKSOY/iStock Editorial via Getty Images Investment action I recommended a hold rating for IMAX Corp. (NYSE:IMAX)(TSX:IMX:CA) when I wrote about it earlier this year, as I was not comfortable with the fact that cinema attendance is facing secular headwinds. Based on my current outlook and analysis, I recommend a buy rating. My updated view is that I believe IMAX is well positioned to navigate the structural headwind that I was afraid of previously (players like Netflix capturing share away from cinem ...