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Pep Boys - Manny, Moe & Jack Message Board

lagunadan92677 53 posts  |  Last Activity: 15 hours ago Member since: Sep 28, 2005
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  • lagunadan92677 lagunadan92677 Feb 13, 2014 1:18 PM Flag

    Disagree all you want, but nothing kickstarts a stock price like a buyout offer. I trust Jon & Michael's judgement as to whether or not a $48+ offer (per your formula) is acceptable. Should they reject such an offer, we would still benefit from an elevated stock price. I've owned LGF shares for 2 years now and would be pleased to see our stock resume it's bullish trajectory. In the meantime, I would rather LGF trade at $48 than $32.50. I could make a lot more money from my trading shares.

    As a stock owner, I don't worry too much about the consumer costs. That doesn't make me money.

    Sentiment: Strong Buy

  • lagunadan92677 lagunadan92677 Feb 13, 2014 4:37 AM Flag

    It's always exciting to see M&A activity in this industry. Should Divergent prove itself as a hit, possible suitors will give LGF a more serious look over. Even without a buyout, chatter about a possible buyout will do wonders for LGF's stock price.

    Sentiment: Strong Buy

  • lagunadan92677 lagunadan92677 Feb 13, 2014 4:14 AM Flag

    Comcast had also been in talks with Charter about the possibility of carving up Time Warner Cable markets, but opted not to participate in a hostile situation, the people said.

    Comcast is interested in advertising synergies by owning the New York City market as well as the opportunity to expand its business services unit, its fastest growing cable division, to a larger footprint.

    "For Comcast, adding New York and Los Angeles has advertising potential, along with Time Warner Cable's sports assets, which provides an acquisition target that is simply too compelling to ignore, especially with an (under-leveraged) balance sheet," Greenfield said.

    Time Warner Cable owns two regional sports networks in Los Angeles, where it has spent billions on local TV rights for LA Lakers basketball and LA Dodgers baseball.

    The deal would be a coup for Time Warner Cable Chief Executive Rob Marcus, who just ascended to the top job on Jan 1. Filings show that the former mergers and acquisitions attorney is set to pocket $50 million if Time Warner Cable is sold and he is replaced while he is CEO.

    Sentiment: Strong Buy

  • lagunadan92677 lagunadan92677 Feb 13, 2014 4:12 AM Flag

    "Comcast and Time Warner Cable don't compete and Comcast can easily divest a few million subscribers," said BTIG analyst Rich Greenfield.

    While the attempt to merge the two largest U.S. cable operators would face tough regulatory scrutiny, a divestiture of subscribers should help its case with regulators, he added.

    It was not yet clear which markets Comcast would sell.

    The companies expect to create $1.5 billion in operating savings, with 50 percent of those savings expected in the first year, the people said, asking not to be named because the matter is not yet public.

    Representatives of Comcast and Time Warner Cable declined to comment. Representatives for the U.S. Federal Communications Commission and the Department of Justice could not be reached for comment.

    The proposed deal will be accretive to Comcast, which plans to expand its stock buyback program to $10 billion at the close of the transaction, people familiar with the matter said.

    Smaller cable operator Charter went hostile this week by nominating a slate of directors to replace the entire board of Time Warner Cable. Charter offered $132.50 per share in a cash and stock deal last month that was rejected as too low.

    "Charter has always maintained that our greatest opportunity to create value for our shareholders is by executing our current business plan, and that we will continue to be disciplined in this and any other M & A activity we pursue," Charter said after news of the Comcast deal broke.

    Talks between Comcast and Time Warner Cable started about a year ago, but negotiations gathered pace in recent weeks, people familiar with the matter said. Time Warner Cable had told Comcast it considered Comcast to be its preferred buyer once Charter had approached them, the people said.

    Officials at Charter did not respond to a request for comment.

    Sentiment: Strong Buy

  • (Reuters) - Comcast Corp (CMSCA.O) is buying Time Warner Cable Inc (TWC) for $45.2 billion in an all-stock deal, combining the nation's two largest cable operators, according to people familiar with the matter.

    The friendly takeover comes as a surprise after months of public pursuit of Time Warner Cable by smaller rival Charter Communications Inc (CHTR), and immediately raised questions as to whether it would pass regulatory scrutiny.

    Comcast will pay $158.82 per share, which is roughly what Time Warner Cable demanded from Charter, and the deal will be announced on Thursday morning, the people said.

    The combined company would divest 3 million subscribers, about a quarter of Time Warner's 12 million customers, the people said. Together with Comcast's 22 million video subscribers, the roughly 30 million total would represent just under 30 percent of the U.S. pay television video market.

    The new cable giant would tower over its closest video competitor, DirecTV, which has about 20 million video customers.

    If successful, the deal will be the second time in little more than a year that Comcast has helped reshape the U.S. media landscape after its $17 billion acquisition of NBC Universal was completed in 2013.

    The proposed combination, which would give roughly 23 percent of the merged company to Time Warner Cable shareholders, is subject to regulatory approval and the two companies expect to close the deal by the end of the year, the people said.

    The new partners are concentrated in different cities. Comcast would fill in its New Jersey and Connecticut portfolio with Time Warner Cable's New York City customers, for instance, and add major markets such as Los Angeles and Dallas.

    Sentiment: Strong Buy

  • Reply to

    2/3 of CF Revenue Still To Go!

    by lagunadan92677 Feb 7, 2014 9:21 AM
    lagunadan92677 lagunadan92677 Feb 7, 2014 9:53 AM Flag

    Simply put, last quarter included virtually all costs for CF and only 1/3 of the revenue, yet LGF beat EPS expectations. Foreign box office revenue comes in slower than domestic, which is part of the reason why 2/3 of the revenue was not received before the end of last quarter. (The movie is still showing also).
    Looking forward, next quarter will include approx. 2/3 of CF revenue plus little or nothing for costs associated with CF.

    Sentiment: Strong Buy

  • lagunadan92677 by lagunadan92677 Feb 7, 2014 9:21 AM Flag

    That sets us up for huge EPS this quarter!

    Sentiment: Strong Buy

  • In a late Friday night deal, Lionsgate emerged victorious over several other bidders to pick up The Breach, a package that has David Goyer attached to direct.

    Lorenzo di Bonaventura is producing with Justin Rhodes writing the script for a sci-fi action thriller that is an adaptation of a 2009 novel by Patrick Lee.

    The story centers on a corrupt ex-cop who is trying to get his life back in order when he discovers a crashed plane in the Alaska wilderness. The first lady is among those dead in the wreckage. That sets off an adventure featuring a beautiful survivor, assassins, a secret organization, alien technology and an end-of-the-world scenario.

    The package came together late last year when Goyer optioned the book and developed it independently with di Bonaventura but it only last week went to the studios. It drew interest from Warner Bros., Fox, Relativity and Millennium, but one reason Lionsgate nabbed it was by showing strong intent on fast-tracking the project.

    Breach is the first of a three novel series. The next book in the trilogy is Ghost Country, followed by Deep Sky.

    Sentiment: Strong Buy

  • Reply to

    Philip Seymour Hoffman Dead at 46.

    by value_stocks Feb 2, 2014 2:00 PM
    lagunadan92677 lagunadan92677 Feb 3, 2014 5:40 AM Flag

    I was saddened to hear news of his passing. As a movie buff I admired his work I remember whooping it up when it was announced in June of 2012 that Philip Seymour Hoffman was joining the cast of Catching Fire. IMO it gave Francis Lawrence some credibility at a time when there was some doubt about him taking over the reins from Gary Ross.

    Hoffman was mostly a character actor (Moneyball, Boogie Nights, Almost Famous, Scent Of A Woman, etc.) Who could forget him in Boogie Nights hitting on Mark Wahlberg? He starred in several films such as Pirate Radio and The Master. He won a Best Actor Oscar for Capote. One of my favorite movies with Hoffman as a lead actor was The Savages, co-starring Laura Linney.

    It is especially sad that Hoffman died from his addiction and that he died at such a young age. R.I.P. Philip Seymour Hoffman.

    Sentiment: Strong Buy

  • The arrangement should help YOU to beef up its mobile VOD business, which kicked off in November with films from Paramount. While the company isn’t disclosing deal terms, it expects to ultimately have 500 movies for its YOU Cinema app, which comes preloaded on Huawei Mate smartphones. Lionsgate‘s contributions are still under discussion, but YOU named a few Disney films that it will offer mobile customers. Alice In Wonderland and Pirates Of The Caribbean and some titles from the Marvel library will go on YOU’s subscription VOD platform with others including Thor: The Dark World and Saving Mr. Banks available for purchase. “This partnership marks the next step in YOU On Demand’s commitment to provide rich and diverse content to customers anytime and anywhere on a wide variety of platforms, including mobile, digital cable, IPTV, Over-The-Top and online,” says company Chairman Shane McMahon — who’s a former World Wrestling Entertainment wrestler and exec, and the son of that company’s CEO Vince McMahon and two-time Connecticut GOP Senate candidate Linda McMahon. Some 18M cable customers receive YOU’s conventional VOD service. YOU shares, which trade on NASDAQ, have appreciated 135% over the last 12 months.

    Sentiment: Strong Buy

  • Last spring we told you the riveting tale how Behind the Lines Productions, creator of the Twilight parody Twiharder, decided to sue Lionsgate and Summit on the grounds that they’re big meanies who unfairly monopolize the Twilight franchise… a franchise they, y’know, own the rights to. Behind the Lines has some gumption, I’ll give them that. Except now that gumption’s gotten them countersued by Lionsgate, whose 204 page countercomplaint can be basically summed up as “…You guys aren’t serious, right?”

    The most thrilling legal case of our age has suffered some bumps in the last few months, specifically when Lionsgate called Behind the Lines’ bluff and was all “OK, let’s move this trial to California.” Behind the Lines, probably realizing it may have made a big mistake, dropped the lawsuit… then refiled it, then dropped it again, then buckled and moved it to California. Then came the countersuit, which claims Twiharder is less a parody, along the lines of Vampires Suck and the excellently titled Breaking Wind, and more a straight-up ripoff. Watching the film, Lionsgate says:

    “did not allay Summit’s fears but, instead, confirmed its belief that the motion picture and its related promotional artwork infringed Summit’s copyrights in and related to the Twilight Motion Pictures and that Plaintiff’s use of Twiharder as the title of its motion picture and on merchandise was likely to confuse consumers into believing that the motion picture and merchandise were associated, connected, or affiliated with, or endorsed, sponsored, or approved by, Summit, when, in fact, they were not. “
    To win its case Lionsgate will have to convince a judge that Twiharder has no artistic merit in and of itself, that it only exists to crib off Twilight‘s success. Lawyers with years, perhaps decades, of legal expertise will be pulling overnighters to draft briefs, examine potential arguments, and pore over legal precedent.

    Sentiment: Strong Buy

  • Reply to

    Draft Day

    by sellnhms Jan 26, 2014 9:45 AM
    lagunadan92677 lagunadan92677 Jan 26, 2014 6:00 PM Flag

    Good post. Yes that makes perfect sense. I just couldn't imagine a bunch of 30, 40 & 50 year-old men's reactions to a Divergent trailer! I hope Divergent continues to gain interest, but the Super Bowl just isn't a good fit.

    Sentiment: Strong Buy

  • lagunadan92677 by lagunadan92677 Jan 25, 2014 3:36 PM Flag

    Per BoxOfficeCom. That sounds reasonable to me. If the movie proves worthy, word of mouth will eventually push domestic box office to $150M+ IMO. Also per BoxOfficeCom:

    " Divergent


    - According to Amazon, the Divergent book series is currently more popular than The Hunger Games series. That's no small accomplishment.
    - Thanks to her endearing performance in The Spectacular Now, star Shailene Woodley is building a sizable fanbase of her own.
    - Co-star Kate Winslet could entice more adults to give the film a try.
    - The Hunger Games franchise also launched in March, and that turned out pretty well.
    - Lionsgate's prowess when it comes to marketing The Hunger Games franchise should be easily applicable to Divergent.
    - Films with strong female protagonists are on fire at the box office these days. (See Catching Fire, Gravity, The Heat, etc.)


    - Moviegoers who haven't read the books may label Divergent as a Hunger Games rip-off.
    - Will men be interested? Key female demos can certainly drive the box office, but roping in Males 18-34 wouldn't hurt.

    Sentiment: Strong Buy

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