Cinema stocks suffered badly in 2020. Movie theaters were shut down for months thanks to the coronavirus pandemic, and even when they reopened, business was bad.
But shares of IMAX (NYSE: IMAX) dropped just 13% for the year, which is actually a lot better than its peers. And the stock is already on the road to recovery. If you bought in the dark days of March, when the share price fell all the way to $6, you've already tripled your money.
Is IMAX a buy around $18? Can the stock recapture its all-time high around $36? Here are three reasons 2021 might actually be an outstanding year for IMAX.
Source Fool.com