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Lions Gate Entertainment Corp. Message Board

  • j0ndalar j0ndalar Jan 29, 2013 1:53 PM Flag

    Another all-time high

    My prediction that the stock price would hit $20 before the end of the quarter may come a little early. Except for P&A all of the cost of making BD2 was absorbed by Summit before Lionsgate purchased the company. Granted, Lionsgate indirectly paid for that when they purchased Summit, but the upside and key takeaway is that other than the cost of P&A, virtually all of their portion of the revenues from BD2 are going to be pure profit for the upcoming quarter. I'm sure most of the short sellers don't know this, nor are any taking into consideration that Sinister cost $3M to make, but generated $48M during the quarter.

    I always felt optimistic that Lionsgate would one day hit it big. I've held since the days of Affliction, Shadow of the Vampire, and Monsters Ball. So it's pretty incredible to see the stock nearing $19 per share.

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20.61-0.49(-2.32%)Jul 25 4:02 PMEDT