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Ballantyne Strong Inc. (Nasdaq: BTN) is the holding company for a diverse portfolio of businesses that include cinema products and services, digital signage, advertising, insurance, reinsurance, and investment management services. The company is one of the leading cinema screen manufacturers in the world, also providing technical support and other film exhibition equipment for worldwide customers.
Ballantyne Strong has assets in both wholly-owned businesses as well as partial investments in public and private companies. Recently, the cinema products and services announced that portfolio company GreenFirst Forest Products had acquired a new collection of assets from Rayonier Advanced Materials in Canada. The acquisition helps the green-minded forest products firm grow even more sustainably, and expand its services even more in the North American market.
The announcement increased the stock price by 17.20% in a week as Ballantyne Strong holds approximately 7 million common shares in GreenFirst, which would result in the receipt of 21.1 million rights under the proposed rights offering.
Is it worth it?
The cinema products and services have a market capitalization of $90.78 million and generate $62.55 million in revenue each year. Over the past year, the S&P 500 has risen 49.29% while BTN has risen 68.39%. The growth over the years points that Ballantyne Strong stocks are the way to go for potential economic prosperity over the years.