Batman rescues IMAX stock

Financial Post examines IMAX’s current financial standing after the success of The Dark Knight:

Battered after years of litigation and questions over accounting practices, Imax has found itself in the limelight following the windfall from The Dark Knight and word that its new digital camera technology would be adopted in several theatres in Australia and Japan.

The announcements sent the stock to a 52-week high of US$8.28 on the Nasdaq earlier this month, leading analysts to think the Toronto-based entertainment company may be due for a comeback on Wall Street.

Despite IMAX’s recent success, the Financial Post notes, “Quarterly revenues are falling 12.5% in each reporting period and the stock remains considerably down from its heyday when it traded upwards of $30 a decade ago.”

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