Reaction to first public screening of Cars
LAS VEGAS, March 15 (Reuters) - Movie theater owners gave an enthusiastic reception to Pixar Animation Studios Inc.'s (PIXR.O: Quote, Profile, Research) film "Cars" at its first public screening at a Las Vegas trade show late on Tuesday.
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"I thought it was a great movie," said Kevin MacLeod, executive vice president of Empire Co Ltd's (EMPnva.TO: Quote, Profile, Research) Empire Theatres, a Nova Scotia-based chain with 380 screens. MacLeod said he believed the film would have the same broad appeal as Pixar's biggest hit "Finding Nemo".
Theater owners have a vested interest in the success of the movie, since their business is selling movie tickets, but Sanders Morris Harris financial analyst David Miller was in the audience and called it "outstanding."
"If there is any film you know is going to be a hit, it's this one," he said on Wednesday.
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Mark Walukevich, vice president of international films for National Amusements, which operates 1,425 screens in the United States, Britain, Latin America and Russia, said "Cars" was "fantastic."
"On a scale of one to 10, it was an 11," he said. "The digital presentation was excellent, the sound track was great. I think internationally it will be a huge hit."
Reuters (via Yahoo): 'Cars' wows theater owners in first public screening
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FWIW, I sold half my PIXR last week at $63.85 ... I bought this four months earlier at $52.55, for a gain of more than 20% in that time. Not bad. I bought the rest earlier, at about $43, but I'd been trading that batch from much earlier, either by selling CCs that didn't expire or by exiting high and re-entering low, profitably each time, starting all the way down at a split-adjusted $12.91, making this a four-bagger for me, plus another bag for all the marginal gains along the way.
I was way overweight in PIXR since November, and because I think the deal with Disney limits my upside over the next two years, I lightened up. I think the combined Disney/Pixar is still a great company to invest in for the long term, however, one reason I'm it still makes up more than 15% of my primary retirement vehicle (a Roth). |
