This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ballantyne Strong's CEO Discusses Q3 2011 Results - Earnings Call Transcript

Stocks in this article: BTN

Our service team is also providing Marcus with our after-care program, featuring annual maintenance and 24/7 NOC Monitoring by our technicians who are based in the state-of-the art facility located in our corporate headquarters here in Omaha.

Another important recent development subsequent to the third quarter was Ballantyne’s appointment as a reseller of Barco’s full line of digital cinema equipment. We are truly delighted to joint their team. In our view, this further enhances Ballantyne’s reputation as the leading provider of one-stop turnkey cinema solutions backed by 80 years of experience catering to worldwide exhibition community.

Taking an updated look at the domestic cinema industry, Q3 was another solid Box Office period with receives up 5.5% compared to the year earlier quarter. Transformers 3 and Harry Potter 7 Part 2 led the way and were currently – they are the two top performing titles thus far in 2011. With the Thanksgiving through year and holiday period is set to kickoff in just a few short weeks.

Many industry follows are forecasting Q4, Box Office results especially when compared to last year somewhat disappointing results. Part 1 of Twilight Saga final (inaudible) including the traditional midnight and early AM showings. Other coming attractions include sequels of popular movie franchises such as Alvin and the Chipmunks, Sherlock Holmes and Machine Impossible. Also opening prior to year-end is The Girl with the Dragon Tattoo based on the best selling novel, and two from Spielberg, The Adventures of Tintin, which is a three-day debut and War Horse.

We just returned from ShowEast the cinema industry’s tradeshow in Florida and we are very encouraged with the customer response to our new agreement with the digital cinema manufacture Bacro. We are also seeing some positive momentum on the financing front as Hollywood studios and distributors are actively pushing movie exhibitors towards the late 2012 deadline for going digital, in order to benefit from the virtual [franchise].

3 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs