I read the clip you posted, and here is the part that made me laugh the most: The movie "has continued to underperform at the box office and we now expect the film to earn $130 million in ultimate domestic box office, down from $166 million," said Creutz. "As a result, we do not expect the film to contribute meaningful profits to DreamWorks Animation during its lifetime."
As a result, Creutz reduced his 2007 revenue estimate for the company to $782.9 million from $783.4 million. He also lowered his 2007 earnings per share estimate to $2.18 from $2.19.
Do you think this guy`s projection that DWA will miss earnings by a penny should be a reason for the stock to dip below $30? Yeah, right. That is desparate hope on your part. Also, he believes that Bee Movie will diappoint at the BO with only a $130 domestic take. The movie has been out 9 days and is already above $75million. The entire holiday season is still in front of us with Thanksgiving 4 day holiday weekend cming up next week. And almost no thru Christmas. $130million is virtually guaranteed, and $150mil should be no problem. I would expect an pgrade from analysts considering what Shrek3 should do in DVD sales - and DVD sales are almost pure profit for DWA versus BO which they split 50-50 with distributors. I would love to see DWA dip just for another day or two. I am a buyer again in the $28�s. Amaying that after 3 years of solid performance and a perfectly executed business plan that DWA is still only slightly above its IPO price. Thez have buit a nice library f fims to date and have a lot of cash on hand. This company will be bought up if it sits here much longer- dont miss the boat wildsack