Thank you may I have another! We should get a good entry point tomorrow. I own enough so I'm on the sidelines here and watching to see if any of their upcoming slate produces a tent pole that can take root.
The unknown for everyone is their overseas SVOD. Let's see if they actually start monetizing the relationship with Baidu and Baba. I give them credit for trying to come up with a new original franchise - but 3 bombs in a row hurts (looks like God's of Egypt will be the 4th). Thinking in the positive - they do control a lot of content.
I was one of the few who didn't bail out. I got to complacent holding on to the consolidation thesis. The hope is bad earning are baked in - I'm not so sure. Take a look at their P/E. It's been hanging in at close to the 2014 lows, but this ER could push them off a cliff with the next stop being 20.
If the last 2 quarters are any indication the answer is no. All the press releases yesterday and today appear to be creating hype prior to the ER to mask the fact that we will have another top and bottom line miss to deal with. I give them credit for trying to stand up another ORIGINAL franchise, but until it happens, we will continue to face P/E contraction UNLESS SVOD sales show an exponential increase.
They released the 8-K for the additional 168M share buy back and the STRZ PR which we already new to mask another top and bottom line miss. If they don't report and exponential increase in SVOD tonight the stock could be at 20 tomorrow as the P/E continues to contract. On a positive note I did enjoy Dirty Grandpa.
8-K filed to increase share buy back by 168 million. A couple of announcements prior to ER to drive up price. If they miss on top and bottom line the announcements won't matter.
Agreed. They either think the stock is undervalued or they are trying to cushion the blow on a top and bottom line miss (if it happens tomorrow).
Short term we're in for a rough time. First we're dealing with the general market conditions; 2nd we're looking at a top and bottom line miss if SVOD doesn't deliver in a huge way - MJ2 initial estimates on the theatrical side were too high; 3rd Gods of Egypt will most likely be another bomb - yea LGF has some protection with this one but it's still a bomb. If we do miss on Thursday we could be looking at 20 as the next support level.short term.
Bananas - all depends on your risk tolerance. I've been in this since 2004 and I probably should have sold at 41 but I held in the belief that LGF will be a media consolidation story. With production costs going up companies like NFLX, AMZN, Shanghai Media Group could buy out LGF easily. Yes they can produce their own media but they will run into the same wall as all traditional media companies (rising production costs). If they buyout LGF they get a library of over 16000 titles for their SVOD. Make sure you hedge your position!
Deniro is not poor and t thought the movie was pretty funny. This will make money for LGF. Unfortunately, anything short of a miracle in SVOD sales, will result in another top and bottom line miss. We've tested the 2014 lows a few times here and once we close below it - next stop is 20. Looks like you're going to get your entry point.
Ford is looking at having 40% of their vehicle platforms in electric form by 2020. What you are witnessing here is demand destruction on a large scale. Will XOM continue to exist? Sure and they will continue to pay their dividend but all of the levered marginal producers will go away. XOM is a good long term buy at these levels.
So you make the smart choice and select a very trustworthy Hillary (it's a right wing conspiracy) Clinton.
From a technical standpoint we need to hold just above 25 to avoid ANOTHER leg down. The set up going into next week's ER doesn't look good. If management has started getting revenue from China SVOD market will be big. If not, I will be like a line out of The Call's 1989 song "Let the Day Begin" - "Here's to the dreamers in the bars".
It was a right wing conspiracy and now it's a right wing conspiracy against her. It's easy to claim right wing conspiracy when you are a habitual liar.