Thursday, July 29, 2010

Big screen bopper

Still enjoying my summer, though the heat and humidity in the islands can be suffocating at times. But it's wonderful to have peace of mind, away from this schizo market and all the manipulations.

IMAX caught my eye today, exceeding earnings expectations and moving up 8% in an otherwise down market. Inception, Toy Story 3, Shrek and Aftershock have boosted revenue, the company says. Whatever. IMAX goes up, IMAX goes down. Competition is around the corner and IMAX will struggle to maintain this kind of growth, just like Netflix. The easy money is history.

Still 100% cash and satisfied.

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