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March 24, 2014
06:35 EDTLGFLionsgate pullback a buying opportunity, says Piper Jaffray
Piper Jaffray said it would be a buyer of Lionsgate on weakness with stock off nearly 30% off its peak in October. Piper says Lionsgate developed a new franchise after Divergent opened with $56M over the weekend. It attributes last week's 15% share pullback to concerns that the film would flop and keeps an Overweight rating on the name.
News For LGF From The Last 14 Days
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November 26, 2014
12:13 EDTLGFDreamWorks advances following Morgan Stanley upgrade
Shares of movie maker DreamWorks Animation (DWA) are climbing after Morgan Stanley upgraded the stock to Overweight, saying that the company should be able to monetize its intellectual property/consumer products business and cut its film making costs in 2015. WHAT'S NEW: After DreamWorks invested a significant amount of money in its intellectual property/consumer products business over the last two to three years, investors are probably underestimating the return on that investment, Morgan Stanley analyst Ryan Fiftal wrote. "Multiple consumer product revenue streams should ramp in 2015," with revenue from the business increasing to about $150M over the next three years, up from about $50M in 2012, wrote Fiftal. Meanwhile, the company has several ways to cut its risk by reducing its film production costs, the analyst believes. For example, it can reduce its investments in new technology and shorten production times using new animation toolkits, the analyst stated. DreamWorks could also benefit from consolidation in the film industry, given the rising demand for high quality video content and the relatively low valuation of the company's core film studio, the analyst stated. DreamWorks appears to trade at a forward multiple of 8x-9x its earnings before interest, taxes, depreciation, and amortization, at the low end of media companies and well below the 12x-13x EBITDA multiple of another publicly traded movie maker, Lionsgate (LGF), the analyst wrote. Fiftal believes that DreamWorks' risk/reward ratio is favorable and upgraded the stock to Overweight from Neutral. He placed a $27 price target on the shares. PRICE ACTION: In early afternoon trading, DreamWorks gained 50c, or 2.2%, to $23.61.
November 24, 2014
09:59 EDTLGFMockingjay may still top estimate despite soft domestic open, says Piper Jaffray
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09:23 EDTLGFOn The Fly: Pre-market Movers
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08:26 EDTLGFLionsgate movie opened less than expected, says FBR Capital
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08:00 EDTLGFLionsgate weakness on Mockingjay opening a buying opportunity, says B. Riley
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07:07 EDTLGFStarz seeking about $5B to sell itself, NY Post reports
Talks to buy Starz (STRZA) are "heating up," according to The New York Post. The company is said to be seeking about $5B, and the company has drawn interest from CBS (CBS) and Lionsgate (LGF), sources are saying. Reference Link
06:51 EDTLGFLionsgate spends relatively little on marketing, NY Times says
Lionsgate's third Hunger Games movie sold $123M in tickets in North America over the weekend, even though the company spends about 50% less on marketing than its competitors,, according to The New York Times. The company, however, does use "cutting edge social media campaigns," the newspaper added. Reference Link
November 23, 2014
14:04 EDTLGFLionsgate's 'Hunger Games' sequel falls short of expectations, Bloomberg says
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November 20, 2014
10:50 EDTLGFMockingjay U.S. opening to trail prior Hunger Games film, Piper predicts
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10:33 EDTLGFHigh option volume stocks
High option volume stocks: KBR LM PRGO CHRW DG ZMH LGF ZTS OSIR REGI

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