Lionsgate (LGF) shares are holding up much better than I expected following the company’s disappointing 3Q06 performance and reduction in FY06 guidance. Therefore, I am selling the shares I own for my clients and in my personal accounts. As I stated in my pre-conference call post, I want some distance as I re-analyze the situation […]
I was wrong on Lionsgate (LGF). Big time. The company missed its 3Q06 earnings badly with EBITDA, net income, and free cash flow all falling well short of estimates. The company lowered guidance for each of these items for its full year which ends on March 31. The lowered guidance implies that 4Q06 results should […]
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