It is just over a month into 2015 and one of my favorite long term stocks under $20 is down more than 12%. Bona Film Group (BONA) is a company you should absolutely know if you’re looking at ways to capitalize on international growth. China has seen its growth slow down over the years but one area that is not slowing down is movies and that is where Bona Film Group comes in.

Bona’s latest blockbuster was “The Taking of Tiger Mountain”, which in its first two weeks grossed $130 million in China. As of January 25th, the movie has grossed $139 million, making it one of Bona’s highest movies ever released.

The reason we are revisiting this selection today is a new movie announcement that I believe will have a big impact on box office revenue and Bona’s earnings. The company partnered with Studio 8 and Tristar to land the right in China to “Billy Lynn’s Long Halftime Walk”, a new movie from Ang Lee. The movie will be shot in ultra-high frame, a first of its kind. The movie is set during current time with flashbacks to the Iraq war telling the story of Billy Lynn.

So this movie has two big things going for it, Ang Lee is behind it, and war movies (American Sniper) are hot right now on the big screen. Now, Sony Pictures landed the worldwide rights to the movie, so Bona will get just one shot to make its mark with China its only area of release. Bona does get two chances though as it will be behind the production of the movie and also has 25 theaters in the country that will all likely show it.

Ang Lee’s “Life of Pi” grossed $125.0 million in the United States. The movie had a huge draw in China, where it grossed $90.8 million. This was the next highest market behind the United States. Now keep in mind this was back in 2012, when the Chinese movie market was not nearly as developed as it is today. Another example is “Lust Caution”, a past Ang Lee film. That movie grossed only $4.6 million in the United States, but saw box office revenue of $17.1 million in China. This was back in 2007, when China’s market was starting to develop.

This movie is added to an exciting blockbuster lineup of movies that Bona will benefit from. The company sees benefits of movies it releases and also from an overall strong Chinese box office. At the end of the third quarter, the company had 22 movie theaters open. The company has a backlog of more than 20 theaters, including several IMAX theaters. Keep in mind that this business segment makes up the smaller portion of revenue, but has high operating margins of 58%.

The company’s next catalyst likely comes on February 13th with a meeting of shareholders. Around March 30th, the company will report its latest quarterly earnings. I expect shares to see a large increase either before that time or shortly after earnings.

Shares of Bona are now trading at $6.21. Over the last 52 weeks, shares have traded between $5.50 and $8.92. The company is currently the largest position in the Stocks Under $20 portfolio and continues to be my favorite China play and one of my favorite stocks under $20 period. The company has so many catalysts and themes going for it, that it should not be missed. I highlighted the stock back in September (for subscribers) and November (for free).

Information for this report came from the investor relations section of Bona Film Group’s site.