With DoJ Investigation Priced Into Theater Stocks BTD?

There is enough blood on the street, a recent Macquarie Research piece says, and after the theater stocks have retreated 12 percent, it’s now time to buy beleaguered offerings. Why don’t small movie theaters show new blockbusters? Its due to a “clearance zone” Have you ever wondered why small, independent movie theaters seldom run blockbuster movies that are often run exclusively in large theater chains such as AMC, Regal or Cinemark? The answer is a “clearance zone” that provides the major movie chains exclusive rights to the blockbusters, locking out the smaller independent businesses. Sometimes the exclusive region can be…