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Author:

Jam ok

Subject:

Off Topic

Date:

04/08/15 at 1:52 PM CDT

 

 

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Sentiment:

Neutral

OT - LGF

OT- LGF - Can't cut and paste the story or link (board feature? story feature?), but LGF is getting pummeled the worst in the past year - down 6%+. Reasons given: They've narrowed guidance, plus a their biggest shareholde, Rachesky's MHR fund announced a fairly huge shelf offering at $32. That's 1/5 of their stake in LGF. It's worrying not so much because the size of the stake being offered (MHR will still be the biggest investor), but the fact that it signals that a private party couldn't be found to be the buyer. Yes, I'm glad to make $1 on the Apr stk 34 calls I sold, but this short trip from $34.17 back to the $31's feels like the same old routine, perhaps - a trip back to the 20's and then to the mid-30's. The fact that Lionsgate previously announced a joint venture with Dubai to build a theme park just has me scratching my head - what? Hunger Games is certainly not Mickey Mouse. It's not even Lord of the Rings (how well would a LOTR theme park fare?) Yes, it's a cut above a 'Spice Girls' theme park, but I must be terribly out of touch with popular culture to think this sounds like an extremely bad idea. Maybe the park will be made out of 100% recyclable material so after the 3rd film it can be torn down?

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