Lionsgate (LGF) has had quite a move in the last two years that is no doubt. Hunger games is a cash cow, but a 10% drop today because of a sell the news and somewhat of a ridiculous under performance 161 million! Wall street wanted a blow out opening weekend with the biggest cash in for a movie. Didn't happen, but now LionsGate is on sale, only .75cents from its 200-day MA we should see that as major major support and a good entry to ride this stock into the $40-45 range by middle of next year.
Hunger Games has split the 3rd book (MockingJay into two parts). Also Divergent will be a huge trilogy as well. Book sales are showing signs of a Twilight and Hunger Games repeat. This stock should not only technically bounce at the 200-DayMA it should hold there and continue its beautiful long term trendline higher. I expect earnings to grow by quite a bit now through 2016. This stock could very well be a double over the next three years.
There are no guarantees, but in my own opinion i think the odds are in $LGF's for a long time.
I am long $LGF common stock
Hunger Games has split the 3rd book (MockingJay into two parts). Also Divergent will be a huge trilogy as well. Book sales are showing signs of a Twilight and Hunger Games repeat. This stock should not only technically bounce at the 200-DayMA it should hold there and continue its beautiful long term trendline higher. I expect earnings to grow by quite a bit now through 2016. This stock could very well be a double over the next three years.
There are no guarantees, but in my own opinion i think the odds are in $LGF's for a long time.
I am long $LGF common stock