Well Burns is giving an investment presentation today in NY and there are 5 more in the next month. Plus new short interest is down another 800k just reported. Plus tomorrow LGF has its first wide release in India for the remake of Warriors from 2011 film which is now called Brothers with Indian actors. Trailer is on u tube with 10 mil views.
I think fast money is pure entertainment. Ray youre an investor if you held LGF this long. Read the cc transcripts. This stock will be over 50 by year end. Now Dis is a great company but the growth and complexity of what they do and how they are exposed to a global meltdown is obvious. I would own it sure butttttt if you want something for your ira then LGF will double way before DIS.
Iger on acquiring a technology or social media company
i wouldn't rule it out, but i don't think you should take that to mean that we are looking at doing that. Our civ in terms of acquisitions has pretty much been in the direction of our strategic priorities, which is let's buy content, high quality branded content – marvel, pixar, lucas, obviously good examples. Let's buy technology where it gives us an advantage, where we can use it to do the things i talked about earlier and let's buy things that give us a better or larger global foot print.
Tell you what Joe. The company and its bankers want the share price up to make a stock play for Relativity.
Well in my opinion as shown last q when we missed by over 50% its not the beat but the other nuggets they share. Now a beat along with some strong information is best butttttt its all about going forward.
Hey good to see you over on Stock Twits board. Very pleased with recent move for LGF and looks like short interest is hitting the exit bit by bit. Still lots more to cover and if you joke that its a point up per mil shares we are talking over 50. With all time highs recently I am expecting more into the low 40s post earnings next week. Looks like we are being set up for a nice breakout with plenty of further upside that could take us to uncharted gains.
Piper Jaffray analyst James Marsh reiterated an Overweight rating and boosted his price target on Lions Gate (NYSE: LGF) to $45.00 (from $38.00), saying they are incrementally more bullish on film slate and TV.
Marsh commented, "We are updating our model on Lionsgate, leaving us more bullish on the longer-term prospects for the company. Our FY16 EBITDA forecast moves up slightly by 2% to $395M, but is more back-loaded due to the release of fourteen new television series and Mockingjay 2 later this fiscal year. Longer term we like Lionsgate’s feature film release slate (Gods of Egypt, Power Rangers, Odyssey and a possible Twilight extension), plus think the company will find more ways to work more symbiotically with John Malone’s media empire (think Starz, Liberty Global and Discovery). Accordingly, we are raising our FY17 EBITDA forecast by 10% to $480M and representing 22% growth year/year despite earlier worries of a ‘earnings cliff’ in 2017. We continue to be bullish on pureplay content names such as LGF so accordingly reiterate our Overweight rating and our price target moves from $38 to $45."
The firm raised FY 2016 EPS from $1.83 to $1.87 and FY 2017 EPS from $1.98 to $2.21.
Well I will say this joe. If you go by the high call ration over the past few years the stock should go up. I think that last reported short interest drop of about 1.5 mil in fifteen days could be a surrender soon.
Well it actually had much higher expectations then the box office delivered. That being said who knows how the deals LGF made work out for property profitability overall. One thing for sure is that Insurgent all together cost about 50 mil more than Divergent. LGFs cost on the film are pretty unknown. It was profitable for us we just dont know how much.
Joe you keep bringing up this $4 a share in earnings for the combined company. I dont get it. The COMBINED/MERGED company would have like 300 mil shares along with debt. That math you put out in another post for LGF stock price if merged with STRZA was based on LGFs share count alone right now. You make it seem like you are just adding STRZA earnings to LGF present share price an thats it. If you are going to add STRZA earnings you got to add their shares. Explain what you doing cause I know you know what Im saying. Thanks.
My age is an issue on down days. On up days its mostly where do I want to order take out from.
See the universe is setting me up for the perfect storm here. On the 20th my 100 june 31 calls expire plus i will be at the rolling stones concert in Pittsburgh pus its the exact day I was introduced to my future wife 3 years ago plus 30 years ago on that day I had my first mountain dew. Also fully loaded on the Sept 33s along with the stock. Sooooo sooner or later the tide changes. Good luck all.