IMAX is gearing up for a sale and (likely) its biggest movie is coming out in a week. Is the stock undervalued?

I bought in to IMAX when it was trading at $33.

It's gradually climbed since then, and then shot up to $45 when news that it was in discussions to be sold broke. Since then, nothing has been announced and it's gradually dwindled back down to $38.

There are 2 major catalysts coming up

\* The Odyssey releases next week. It's the widest IMAX release in years and a significant proportion of sales are expected to be IMAX tickets. Good news will be coming out of that opening weekend regarding revenue

\* News of a sale could break any day now which would rocket it up to at the very least the minimum price offered in the sale.

The only possible negative is earnings for previous quarters due this month, which might be lower thanks to some underperforming movies this year.

I made a lot of money on the WBD buyout ($19 to $30 share price) and I think IMAX will be similar. Anyone else got positions in IMAX or expecting a pump in the next month or two?

(I originally posted this to WSB but the idiot mods there removed it)