I was thinking The Prey was a straight to VHS endeavor, but IMDb lists New World Pictures as a theatrical distributor so it did have a limited theater run at least. Here's the blurb from IMDb: "Six campers jaunt off to North Point, where they're promptly stalked and killed by a ghoulish man who ultimately is just looking for a little love." Sure. And with a tagline like "it's not human, and it's got an axe" I'm still not seeing this one as a big theater draw, but John Kenneth Muir did give it a positive review, so I recommend you read what he says about it to help you make up your mind. The movie was actually completed in 1978 but didn't see release until 1984.
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