IMAX has gone steadily up which only makes it a worse buy.
Even the ex-CEO/chairman is still taking more out of the company every quarter than their entire profits through his unfunded pension, horrendous stock grants, and the even newer SARS which take cash straight from the company without even having to go through the bother of worrying about shares.
This stock does well when external events like Avatar, which they have nothing particular to do with, carries the stock up. It drops like a stone as soon as new investors realize that the "management" (who are actually Wall Street leveraged buyout bankers) are draining the company as fast or faster than it can earn.
Fair warning. Get in if you want and get out before the other new investors realize what is going on.