Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of 3-D cinema technologist RealD
So what: Analyst firm Morgan Joseph Triartisan just opened coverage on RealD with a buy rating and a $28 price target, sending shares northward in morning action. The rating rests on RealD's dominant global market share in 3-D cinema systems.
Now what: Digging deeper, analyst David Kestenbaum noted that RealD covering system installation costs and then recouping that cost through a cut of ticket sales is a "win-win-win" for the company, theaters, and studios. Let me just point out that the same model should sound familiar to investors in fellow cinema technology mavens: Big-screen expert IMAX
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