I am guessing somehwere between $30.5-32. Based upon how well Shrek has done, $32 would be very justified. After Shrek 2 DWA share price was almost $38 per share. And that was before DWA even had started building a catalogue and had only one sure fire hit on its hands. With Bees, Kung Fu Panda and Mady2 in the pipeline, this stock should really be up in the mid 30's at least. I guess we have to wait for analysts to "discover" hidden shhareholder value which usually happens roght after buyout rumors circulate on the street.... Analysts really are a worthless bunch - and their opinions are always very subjective to their own companies' holding s.
"Analysts really are a worthless bunch - and their opinions are always very subjective to their own companies' holding s."
Here are some quotes from the smarties!
�Prudential Equity Group analyst Katherine Styponias said in a note to clients that "Shrek the Third" should gross $60 million to $75 million on its opening weekend �
�JP Morgan analyst Barton Crockett said investors are looking for an opening weekend of at least $81 million and would "feel OK if it does $100 million or more.""
�SMH Capital analyst David Miller also said "competition is definitely an issue," but pegged the film's opening grosses between $90 million and $110 million as a result of its high debut screen count, estimated at 4,200.�