I have held the stock since 2004 and it is my belief they will receive an unsolicited bid within the next year that will move the stock to $45 or more. MHR and crew have built a great content company and one has to wonder when and where the bids will come from.
I agree that LGF is a takeover candidate. IMO, two buyout candidates are NFLX and CBS. NFLX now has the market cap and acquisition currency to make a nice offer. The acquisition would be accretive given NFLX's high PE. It also makes sense when you take into account NFLX's annual content acquisition costs of around $2 bil and the acquisition would allow NFLX to more directly compete with the larger, more vertically integrated media/distribution companies like Time Warner or Comcast/Universal. CBS could also afford it with a market cap 7-8 times larger than LGF. The acquisition would fill the biggest hole in its media portfolio, namely movie production.