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Pep Boys - Manny, Moe & Jack Message Board

lagunadan92677 70 posts  |  Last Activity: Jul 4, 2014 1:02 AM Member since: Sep 28, 2005
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  • lagunadan92677 lagunadan92677 May 30, 2014 3:24 AM Flag

    When will Yahoo get rid of these pesky spammers???

  • Tech Company Plans To Produce About 4,000 Prototype Tablets Beginning Next Month. Google Inc. is developing a new, cutting-edge tablet as it continues to experiment with advanced vision capabilities for mobile devices.

    The company plans to produce about 4,000 of the prototype tablets beginning next month, according to people briefed on the company's plans. The device would come with a 7-inch screen and will be equipped with two back cameras, infrared depth sensors and advanced software that can capture precise... (cont'd on WSJ website)

    Yet another reason Google will leave Apple in the dust!

    Sentiment: Strong Buy

  • Reply to

    New Forbes article makes a good point

    by riderlessbeast May 22, 2014 11:42 AM
    lagunadan92677 lagunadan92677 May 22, 2014 3:50 PM Flag

    Rider, I couldn't agree with you more regarding Frozen. Compared to other Disney animation films, I considered it average. IMO Frozen couldn't hold a candle to Beauty and the Beast. ANY song from Beauty was better than Let It Go. The thing is, the movie was aimed at small children, and I don't recall any other movie for children that ran against Disney. Strategy and a little luck helped make it a blockbuster. When I walked into a theater and saw the special Frozen song rooms, I rolled my eyes but felt a bit jealous also.

    Sentiment: Strong Buy

  • Reply to

    LGF Getting Stronger -Earnings Surprise??

    by rockie999 May 20, 2014 10:41 AM
    lagunadan92677 lagunadan92677 May 22, 2014 7:56 AM Flag

    Wanna, I believe that you've said that you had an accounting background? If so, maybe you can answer this: I've always assumed, regarding earnings, that the top line is locked in at the end of the quarter while the EPS is determined by the number of outstanding shares on the day of earnings release. Is that correct?

    LGF has been very aggressive in it's buybacks recently, which I'm thinking will add even more sizzle to an expected earnings surprise.

    Sentiment: Strong Buy

  • Reply to

    LGF Getting Stronger -Earnings Surprise??

    by rockie999 May 20, 2014 10:41 AM
    lagunadan92677 lagunadan92677 May 20, 2014 11:47 AM Flag

    Yesterday, Outlaw posted about 2 presentations for Monday. Michael Burns presented at J P Morgan. My money is on Burns, literally.

    Sentiment: Strong Buy

  • Reply to

    Draft Day Foreign Box Office?

    by value_stocks May 19, 2014 1:27 PM
    lagunadan92677 lagunadan92677 May 20, 2014 4:31 AM Flag

    Don't forget a higher EPS due to possible heavy buybacks.

    Sentiment: Strong Buy

  • lagunadan92677 lagunadan92677 May 18, 2014 4:46 AM Flag

    Gee whiz wanna, why wouldn't you accept investment advice from someone with the maturity level of a six year-old? It must have taken him all night long to think of "Wanna-Dollar."

    I've blocked him just as I previously blocked "Chicken Little", aka aaron, last year. I have no time for these nitwits who refuse to grow up. The only way to discourage attention seekers is to put them on ignore.

    Oh well, 8 more trading days until the ER, good luck to us longs!

    Sentiment: Strong Buy

  • Reply to

    hate these low volume days

    by forthelofittheoriginal May 13, 2014 11:04 AM
    lagunadan92677 lagunadan92677 May 13, 2014 4:42 PM Flag

    Thanks for the info. I suppose we'll find out this ER about how many shares were actually retired.

    Sentiment: Strong Buy

  • Reply to

    hate these low volume days

    by forthelofittheoriginal May 13, 2014 11:04 AM
    lagunadan92677 lagunadan92677 May 13, 2014 3:19 PM Flag

    "Soooooooooo if you own a company and want to own more of it do you want to pay 26 or 36?"

    The stock IS $26 (Trading @ $25.85 and up today), which is my point. I'm not sure who is in charge of the buybacks, but it would be fairly simple to buy strategically through the ER and slowly raise the stock price to at least $29. That seems to be a win-win to me. Retire stock cheaply and have the stock poised for an upside surprise in earnings.

    John, Regardless of what our largest shareholder wants or doesn't want, I have a hard time believing that Jon & Michael have spent 14 years building this company up just to stab the shareholders in the back.

    Also, one of the biggest misconceptions regarding upper management is regarding their understanding of the stock market. I have worked for a few S&P 500 companies and, speaking from experience, most upper management are clueless. They may be proficient at their respective jobs, but have little or no experience in the market. I have memories of management getting giddy over stock splits and their talk of becoming rich. Newbies!!!

    I'm not saying that Jon, Michael or our CFO are necessarily stock-challenged, but I can't say the opposite either. I am curious as to who is pulling the trigger on the buybacks.

    Sentiment: Strong Buy

  • Reply to

    hate these low volume days

    by forthelofittheoriginal May 13, 2014 11:04 AM
    lagunadan92677 lagunadan92677 May 13, 2014 12:10 PM Flag

    IMO, low volume days are when mgmt should be buying back stock. They should be supporting the stock price to prevent slide backs.

    Sentiment: Strong Buy

  • Iconic CBS newsman Dan Rather will interview the mini-studio's TV division chairman about a fast-changing business landscape.

    TORONTO – Kevin Beggs is to deliver a keynote at the upcoming Banff World Media Festival.

    But the Lionsgate Television Group chairman will share the stage with CBS news veteran Dan Rather, who will interview Beggs about a fast-changing TV landscape.

    Rather will be on hand to receive a lifetime achievement award in Banff, while Beggs' Lionsgate will be honored by the festival as the 2014 company of distinction.

    "It is a great honor to be interviewed by Dan Rather, and I am grateful for the opportunity to sit down with a legend," Beggs said Monday in a statement.

    Banff also is keen to spotlight Lionsgate's TV division, an industry legend on the strength of 34 shows on 22 different networks, built in part around a 10+90 episode business model.

    Beggs oversees development and production of all scripted and non-scripted programming at Lionsgate after his success with Mad Men, Weeds, Nurse Jackie, Anger Management and Netflix's breakout show Orange Is the New Black.

    "Lionsgate is an innovative and game-changing company, and the strides that the Lionsgate Television Group has made under Kevin's leadership have been exemplary," Banff festival executive director Ferne Cohen said in her own statement.

    The Banff World Media Festival is set to run June 8-11 in the Canadian Rockies.

    Sentiment: Strong Buy

  • lagunadan92677 by lagunadan92677 May 13, 2014 1:45 AM Flag

    Valuation

    The valuation for is looking very attractive. The company trades at a discount on all measures except book value. The trailing 12 month PE multiple of 20x is below the 23x industry average. The forward earnings multiple of 16x looks almost cheap compared to the 21x industry average. The stock trades at 6.8x book value and the is the lone metric that has the stock trading a premium to the industry average of 4.5x. Price to sales of 1.3x is well below 3.5x industry average.

    Sentiment: Strong Buy

  • lagunadan92677 lagunadan92677 May 12, 2014 6:13 AM Flag

    For the second year in a row, you are planning to host a Hunger Games bash at Cannes. Why incur the big expense when Mockingjay: Part 1 isn't actually playing at the festival?

    FRIEDMAN: The good news is, everyone is in Europe already. We're a worldwide company, and it's a big opportunity for our international distributors to actually hear what the worldwide plans are for the film, which opens in November. Cannes is the best publicity opportunity from an international penetration perspective.

    Will the Summit label remain intact?

    WACHSBERGER: It stays. Just like France is a republic, it will always be a republic.

    Sentiment: Strong Buy

  • lagunadan92677 lagunadan92677 May 12, 2014 6:11 AM Flag

    Tyler Perry's movies have been underperforming, and you ended your theatrical deal in February. Is your relationship over?

    FRIEDMAN: No, we're still in business with Tyler, we're still doing his video distribution, we still have television, and we talk all the time about film opportunities. It's just there was a specific part of an overall film deal, which funded the film production entity, that is over, but our relationship with Tyler is as strong as ever.

    Lionsgate and Summit are merging their marketing divisions, Summit marketing chief Nancy Kirkpatrick is leaving, and Tim Palen now will oversee all marketing. Why now?

    FRIEDMAN: Obviously, when you marry two companies that have as much output as Lionsgate and Summit, it was critical we made sure we had a smooth transition. Nancy and her crew knew at some point that there was going to be an integration. My relationship with Nancy goes back 30 years. She did a fantastic job.

    Did everyone know what was going to happen?

    FRIEDMAN: It's fair to say everybody knew that they were going to focus on what their jobs were, and that at some point, decisions had to be made.
    Jeffrey Katzenberg recently proclaimed that the movie industry is a no-growth business. Do you agree?
    FRIEDMAN: I won't answer the Jeffrey question, but you can ask me a question about the business.

    Is the movie business still a growth business?

    FRIEDMAN: Yes. And I'll tell you why. Domestic is still very robust. Any business that throws off $11 billion in theatrical revenue annually, give or take a few hundred million dollars, is a business I want to be in.
    WACHSBERGER: And internationally, it's growing.

    Sentiment: Strong Buy

  • lagunadan92677 lagunadan92677 May 12, 2014 6:04 AM Flag

    Given the tepid reviews for the third book, Allegiant, why the decision to split it into two films?

    FRIEDMAN: We obviously did it with Twilight, and we've done it with Hunger Games. One of the things we find in the last book is that a lot of ends have to be wrapped up. They tend to be very dense. We felt the same way about Allegiant. There was more than enough material there to make two substantial, satisfying films.

    Johnny Depp stars in Mortdecai, about a bumbling secret agent, which opens Feb. 6. Are you worried that Transcendence marks his third bomb in a row?

    WACHSBERGER: Mortdecai is a totally different movie. Johnny Depp creates [the] character Mortdecai, just like he created the character Jack Sparrow. I personally believe, and I think my partner does too, that this is the way people want to see Johnny Depp. Johnny Depp doing a normal, serious guy? Not so much fun. I think he's created a character in Mortdecai you can basically turn into a franchise.
    FRIEDMAN: I think there are 12 books.
    WACHSBERGER: You can set up the story any way you want -- Mortdecai goes to Hong Kong; Mortdecai goes to Rio de Janeiro.

    Lionsgate was built on horror, namely, the Saw and Hostel franchises. But you have moved away from that a bit, correct?

    FRIEDMAN: I just don't think horror is a part of our film slate that we do very much.
    WACHSBERGER: In other words, there are horror titles to acquire at markets and festivals, but in terms of us doing production, it has to be something very, very special.

    Sentiment: Strong Buy

  • lagunadan92677 lagunadan92677 May 12, 2014 5:57 AM Flag

    FRIEDMAN: Well, I don't have as many lives as Fritz the Cat [Wachsberger]. I was at a big studio, so it was a much different kind of experience. My most fun Cannes stories are from my early days at Warner Bros. I first came to Cannes in 1973 as a publicist. I brought the last reel of The Last of Sheila. That was part of our 50th anniversary celebration. That is the time that I met Steve Ross. He was the big boss, but we became friends for the rest of his life.

    Divergent has crossed $250 million globally, but that still is far less than the first Twilight ($393 million) or The Hunger Games ($691 million). Is that enough for a franchise?

    WACHSBERGER: It's fantastic. We have established a franchise, no question. You cannot use Twilight as a barometer every time. We broke the curse of the young adult films. I mean, $150 million domestically is not chopped liver. The book wasn't so well established internationally. But when we started marketing the movie overseas, the book sales went through the roof, and the drop for the film from week-to-week has been very small.
    FRIEDMAN: Divergent is digging in as a franchise, and so we're very excited about it; not only its performance as the first film but from a real-life perspective and what we see as trajectory. The movie was released in a uniquely competitive environment.

    Will you market next year's sequel, Insurgent, differently?

    FRIEDMAN: It's obviously a different story, and we don't have to start from ground zero, explaining what Divergent is all about. The second film has a lot more action in it, so we'll take it in a different direction.

    Sentiment: Strong Buy

  • lagunadan92677 lagunadan92677 May 12, 2014 5:53 AM Flag

    Friedman and Wachsberger come from wildly different backgrounds. Wachsberger, a veteran foreign sales agent who co-founded Summit in 1993, rose up through the international side of the business as a gifted salesman; Friedman, a marketing whiz, spent most of his career in the Hollywood studio system before leaving Paramount in 2005. In 2007, the two went into business together and optioned the rights to Twilight. Days before leaving for Cannes, the duo (Friedman is married with four kids; Wachsberger also is married, with two) invited THR to Lionsgate's Santa Monica headquarters to reveal their festival plans -- including a glamorous Hunger Games party and a worthy sales slate that includes The Last Face, directed by Sean Penn and starring Javier Bardem and Charlize Theron; and Denis Villeneuve's Sicario, starring Benicio Del Toro and Emily Blunt -- and to discuss Divergent's box office, the exit of marketing chief Nancy Kirkpatrick and why Johnny Depp's recent flop Transcendence won't hurt him.

    Is Cannes still important to you?
    WACHSBERGER: It's very important. Cannes is the temple of cinema.
    FRIEDMAN: Whereas Toronto and Sundance present more acquisition opportunities for the U.S., Cannes is by far the premiere sales festival. We divide and conquer with different agendas. My agenda is to meet with filmmakers and financiers, and with our distributors when they aren't sitting down with Patrick.

    What is your best Cannes story?
    WACHSBERGER: Oh my God, I've been going for 30 years. I met Alfred Hitchcock in Cannes when he came in for Family Plot, and I was in Cannes for the premiere of Easy Rider. I bought Apocalypse Now for Belgium.

    What was the Easy Rider party like?
    WACHSBERGER: Wild. It was on the beach. There were very few parties outside then. Professionally, the highest moment was winning the Palme d'Or for Pelle the Conqueror (1988).
    (cont.)

    Sentiment: Strong Buy

  • Patrick Wachsberger stood behind Rob Friedman on a recent afternoon and gave his partner's shock of white hair a good tussle. Finally, Friedman swatted the playful Frenchman away. They are one of Hollywood's unlikeliest couples (they finish each other's sentences), a union that has helped grow Lionsgate into the world's leading independent film studio. In January 2012, Lionsgate bought Wachsberger and Friedman's Summit Entertainment -- home of the Twilight franchise -- for $412.5 million. Since then, Lionsgate's stock price has more than tripled, from $8.47 to roughly $26, in part because of the Summit deal.
    Today, Friedman, 64, and Wachsberger, 62, are co-chairmen of the Lionsgate Motion Picture Group, with purview over all film operations, including the Summit label, overseeing 350 employees. Revenue for the group reached $2.33 billion in 2013, a 96 percent jump from the previous year and fueled by the final Twilight film, the first Hunger Games and The Expendables 2. For the past two years, Lionsgate has eclipsed both 20th Century Fox and Paramount in domestic market share with more than $1 billion in revenue. And they've got the sequel to 2013's surprise hit Now You See Me, Alex Proyas' Gods of Egypt and the two-part Hunger Games finale on the runway.
    (cont.)

    Sentiment: Strong Buy

  • lagunadan92677 lagunadan92677 May 6, 2014 3:55 AM Flag

    Thanks wanna, that puts an end to the speculation. I expect we'll see good numbers coming from China.

    Sentiment: Strong Buy

  • lagunadan92677 lagunadan92677 May 4, 2014 4:16 PM Flag

    Too bad China chose to show Transcendence. The movie bombed there as well.
    China allowed a movie featuring the government sponsored killing of it's citizens (HG/CF) as well as the revolt against said government. Hopefully they will let Divergent slide by!

    Sentiment: Strong Buy

PBY
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