Sure thing bud. I was just telling myself how good LGF chart looks. :/ Now you want to see something real real funny. Pull up a comparison 1 year chart of LGF and CMG Chipolte. In the meantime heads are rolling at CMG while management at LGF get big perks and stock and options. I was here for the battle with Icahn and things got ugly and personal. In order to save their jobs and their cash cow LGF management gave this company over to a hedge fund in the middle of the night and it basically became a private Rachesky company. Only he just had to get controlling shares at like $6. Now 6 months ago they could have sold this company for over $40 to a larger player or even just bought stars at a big premium with the market cap we lost. Now LGF isnt even appealing as a takeover because of inversion laws. If this was any other company management would be gone just from the movie product they put out. What a joke. I could go on for hours on the poor way this company has been run. Thought they were the biggest studs cause the hit on HG but turned out to be the biggest duds.
My guess is the same fool running the studio is running the stock buyback program and the pr department.
You got to try real hard to put out movies as bad as LGF does. Criminal at 0% on Rotten Tomatoes right now. I mean you take the hottest star out there in Ryan Reynolds then toss in 3 well respected academy award winners in Kevin Costner, Gary Oldman, and Tommy Lee Jones....... take a great concept for a movie..... and the best you can do is a 0% on RT while also releasing it the same day as Jungle Book 100%on RT and Barber Shop. LGF could have put those guys in a circle eating grilled cheese and tomato soup and scored better than 0%.
This is sooooo sad. Its as if my dog was diagnosed with terminal cancer 5 months ago and now he is at the point I cant even get him to eat. :( Meantime my Vet on some beach and wont answer the phone.
LLBH Private Wealth Management LLC acquired a new position in shares of Lions Gate Entertainment Corp. (NYSE:LGF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,026,438 shares of the company’s stock, valued at approximately $98,026,000. Lions Gate Entertainment Corp. accounts for approximately 54.7% of LLBH Private Wealth Management LLC’s investment portfolio, making the stock its largest position. LLBH Private Wealth Management LLC owned about 2.02% of Lions Gate Entertainment Corp. at the end of the most recent quarter.
Joe the story is what she writes and the production cost is what LGF decides. No one says they have to have the title role be female and no one says it has to cost what the HG did.
However, Matthew Harrigan, an analyst at Wunderlich Securities, in his own note remained bullish on Lionsgate, lauding the company's TV and other media properties and predicting Allegiant would break even and saying that the studio's stock price implies no value from new films.
"Given poor reviews and very unpredictable box office for YA (young adult) films, we admit to actually being slightly relieved, with the film likely to achieve cumulative U.S. box office approaching $70 million," Harrigan wrote.
Eric Wold, a B. Riley & Co. analyst, in his note cautioned a weak opening for Allegiant would put downward pressure on his estimates for near-term earnings.
"With Batman v Superman opening this coming weekend, taking over all Imax, and exit polls negative for the (Allegiant) film, we believe it is unlikely to gain any momentum in the coming weeks," he wrote. At the same time, Wold looked beyond the Divergent property to a possible earnings rebound for Lionsgate after fiscal year 2016.
That's as TV production offsets disappointments at the theatrical box office and Lionsgate becomes a buyer or takeover target, he argued. "Even with that backdrop, we remain optimistic on Lionsgate, given the projected opportunity to see earnings before interest, taxes, depreciation and amortization increase off the fiscal year 2016
trough (with a new guidance range likely to be provided on the upcoming conference call), the improving revenue/margin contributions from the TV production segment and the opportunity to leverage the low tax rate base in multiple ways (as a buyer or a target)," Wold wrote.
Odd...... So last Wed s&p puts LGF on negative credit watch because of poor films the last six months thus cash flow hit possible. The same day they announce Marsh new investor relations. The next day they announce dividend which to me signals they have cash to spare. The same day they also announce new chick lawyer specializing in M&A.
The thing NYSM has going for it is its stronger in the older audience type and family maybe even tweens. Also it made like 70% of its box office overseas if I remember right.
They should split this stock after Divergent 10 for 1 which would put the stock at 2.3 a share right now. :) Then give the two book writers of HGames and Twilight each $50 mil or stock to write 3 more each on the same titles. Put out the pr and the stock pops to 4 cause the float gives this extreme sudden moves. Heart attack type. At 4 outlawjohn walks away and tries to figure what lesson I learned that I didnt already know. You spend 15 years with a company stock you think you know it buttttt you may know it on paper only. Management - Majority ownership has its own agenda. I think I did fall in love with this particular stock. I think one thing that fogged my vision is that its an entertainment stock so research was less work and more enjoyable. Who wouldnt want to own. Management may be smart as foxes but they cant put out a decent larger budget movie. Not in a couple years by big majority. On the TV side they are doing good just from demand but hard to replace some big coming off line shows. What happened to that templet they used for the Anger Management episode order. They talked about it as if it was revolutionary yet the only show it worked on was Anger Management. One last thing..... how could they not work out some deal for a Mad Men spin off.
Thats like saying Gerard Butler beat Jennifer Lawrence in a a game of pin the tail on the donkey.
LGFs library and TV is worth twice as much as it was 4 years ago for a couple reasons. Actually everything of LGFs is worth more to some degree. I do think that the library has always been undervalued and of course we were on a real good role with film - boxoffice for a while that opened alot of doors. Hunger Games drop off was expected but nothin like this especially with Liberty - discovery jumpin in at 39 after Malone Starz 33. Never will know what those 3 mil shares they handed jpm were about other then to short thier own stock. Who knows though maybe this stock is being set up for a consolidation eventual take out by Malone. The guy who controls LGFs is a historic hedge fund manager. One things for sure though. There films at the box office for the past two years 95% stink even starting with the idea of it. Sure they pick up a couple along the way like JWick and Sicario but certainly the ones they make themselves are lame attempts. Should change after Divergent pain. Good slate and lots of deals kicking in moving forward. Price is cheap but could go lower with Divergent headlines.
If you follow the HSX Hollywood Stock Exchange thats not much of a prediction bud. That movie was doomed just by the name GOE. Even the name Divergent seems doomed when you actually put out a movie thats not divergent from any other cookie cutter young adult end of world revolt yada yada yada.
Joe this is exactly the type of movie liberal media critics should love butttttt the truth is I can tell just from the previews its bad. Doesnt really matter though as Malone and Mark are controlling the stock. Once the tracking stocks and the TWC - Charter deal is in place LGF is taken out.
Divergent has 3 reviews out by top critics all rotten. It actually takes an effort to put out the trash they do.
You guys can talk about GOE marketing budget till the dvd comes out but it doesnt matter. LGF doesnt give individual marketing numbers and even if they did the movie is still out and they dont discuss deals for competitive reasons. What we should be thinking of is Divergent coming out the week before Batman and how Star Wars hurt Hunger Games. If the movies does poorly its another hurt franchise. and our presently largest one that the director just suddenly left. Management talks a big game about timing a flicks release but they dont seem to do it as good as they brag.
I would also like to point out that today at 12:45 west coast our top brass are presenting at Morgan Stanley.
To be specific, David, you are a little high. Actually we are probably closer to under $10 million in risk capital.
lawtman I hear you but lets be real about the stock. It lost over 50% from the time the whitewash GOE news came out. So its not to hard to figure that a box office bomb or the knowing that it wasnt going to be a franchise was priced in prior to the release. We lost 3 bil in market cap on a 6 bil company in 3 months. Everything in the world was priced into that kind of hit. I mean this company aint chipolte.