They are one of the few independent companies around that are well-known and have some clout. They also let directors retain their vision, which makes just about any new upcoming director have real power, which can result in some profitable break-out movies.
The firm is in good financial health and is positioned to increase its revenues organically rather than through acquisition as its competitors tend to do once earnings growth becomes stagnant. This can be seen through expansion of its film library, movement in to cable television in 2006 through introduction of its own horror channel, and excellent returns from its award winning film productions. The firm's cash flows will steadily increase and as the firm gains buying power it will be in a unique position of acquiring a larger competitor through common financing methods provided by a mul...
The good news was that the company narrowed its loss compared to last year's results. Lions Gate booked a net loss of $0.41 per share this year versus a net loss of $0.
Well, I have to admit, I thought Disney's (NYSE: DIS) High School Musical 3: Senior Year was going to drop quite a bit in rank this past weekend at domestic theaters even as early estimates from Boxofficemojo had indicated, putting Lions Gate Entertainment's (NYSE: LGF) Saw V in first place with $3.1 million for that day, while Senior Year dropped all the way down at spot number five with about $1.7 million. I was somewhat blown away by the expected decline. It was going to be Jigsaw's day, of course, but e
When corporate raider Carl Icahn recently tripled his stake in Lionsgate Films (LGF), evidenced by a 13D filing, news spread quickly and many in the blog, entertainment and journalistic community began speculating at his motives (see here, here, here and here): Was it a tie up with Yahoo (YHOO) that he was looking for? Many people don’t realize or comprehend that Icahn has been a long term holder of LGF for nearly three full years, amassing an approximate 3.6% in the company in late 2005. At the time, others speculated that Icahn was looking for a quick marriage to
Carl Icahn has increased his stake in Lions Gate Entertainment (LGF) to 9.2 percent from 3.7 percent, raising fresh questions on Tuesday about the activist shareholder's plans for the independent movie and TV studio.....Icahn's affiliates now own about 10.8 million shares of the company.
"Lions Gate has been a perennial takeover candidate," said David Joyce, an analyst with Miller Tabak & Co. But he said Icahn may just be taking advantage of the lower share price.
"The lower share price made for an easy decision for anybody with cash like Icahn," he said, noting that
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