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 movie theater giant IMAX
So what: A day after making IMAX my pick of 2011, there are rumors that Sony
Now what: A buyout from either company would give IMAX the capital to expand more quickly and a captive studio to work with, but it would come with some interesting conflicts. Both companies have large movie studios, and rival studios probably wouldn't be as excited about working with the competition as they are about working with an independent company. As much as I like IMAX, I would be a little leery about buying on this rumor today. If the rumor doesn't end with a buyout, the stock could give up the massive gains we've seen today. Even though I'm not buying today, I'm definitely not selling!
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