Wednesday, July 23, 2008

IMAX

Investing in IMAX theaters seems to be a wise choice. It was once told to me that two things do well in a recession, haircuts and movies. The haircut is a cheap feel good, and the movies are an inexpensive escape from reality.

If this economy does slowdown for any serious amount of time investing in these two business segments would be wise. Unfortunately for us there aren't too many publicly traded barber shops, or that would be our first choice. So looking around we see great opportunity and potential in the brand IMAX movie theaters.

IMAX has an established reputation by being in primarily educationally minded places, such as museums. So, there is a great deal of trust by college educated/money makers here that cannot be overlooked.

As travel is limited by high fuel costs communities will begin to embrace small local attractions. It becomes easy for IMAX to do well here because consumers will seek this new movie going experience as bigger titles are rolled out. The Dark Knight was just the beginning. Iron Man II???

Internationally economies around the world are doing better, and have begun to embrace technologies that were isolated in the West.

IMAX Corporation and Hoyts Cinemas Ltd., one of the largest exhibitors in Australia, today announced a joint venture agreement to install four IMAX theatres in the cities of Perth, Melbourne and Sydney. The deal marks the Company's first international joint venture deal featuring the Company's new IMAX digital theatre system and doubles IMAX's footprint in Australia. -Fox Business

And good in America too.

IMAX and Regal signed a partnership agreement in March for 31 IMAX theaters in 20 U.S. markets. - Augusta Chronicle

The future is coming quick quick folks, and IMAX will do well.



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