Sell IMAX by Nov 22, 2026.

IMAX has basically gone vertical. The stock is up around 100% over the last year, more than 50% in the last 3 months, and is sitting around all-time highs. At the same time, valuation has gotten pretty ridiculous: * \~70-75x trailing P/E * \~28x forward P/E * \~7x sales * \~22x EV/EBITDA For comparison, Dolby is around 28x trailing earnings and Cinemark around 20x. Obviously they're not perfect comps, but IMAX is trading at a massive premium even compared with …