Imax Interest Could Get a Sequel

Editor's note: This Stocks Under $10 alert was originally sent to subscribers Nov. 20 at 3:59 p.m. EST. It's being republished as a bonus for TheStreet.com and RealMoney.com readers.

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A couple of twists in the plot have sent shares of Imax(IMAX Quote) tumbling over the past four months. Along with its stock price, the credibility of the company has been shattered. But several upcoming events could make this stock a speculative buy for risk-tolerant investors as more information unfolds about the company's legal problems.

Earlier this year, when shares were trading around $10, the giant-screen movie-system maker offered itself for sale. Initial interest came from entertainment titans Sony(SNE Quote) and Time Warner(TWX Quote) as analysts speculated that Imax shares were worth anywhere from $12 to $14. ...