Lionsgate reported another confusing quarter. Revenues blew away expectations but so did expenses. EBITDA was a big negative number but the company reported over $21 million in free cash flow. The press release was vague and the simultaneously issued 10-Q did not directly address the absolute figures but instead focused on percentages. All that said […]
Lionsgate (LGF) shares are trading down about 4% following the release of the company’s 4Q07 results and 2008 guidance. As usual, the accounting is complicated but overall I think the results and guidance are fine and expect the shares to bounce back. For 4Q07, LGF reported EPS of 19 cents on revenues of $332 million. […]
Lionsgate (LGF) reported a good quarter. EPs of 19 cents matched estimates, while revenues of $255 million did not fall materially short of the $258 million consensus. Free cash flow of $50 million was very strong. Management opened the conference call by stating it was raising guidance to revenues of $950 million and free cash […]
I haven’t written much about Lionsgate (LGF) since my ill-timed sale this spring when the shares were 25% lower. Obviously, I am annoyed at the poor timing of my sale but I still don’t trust (or maybe don’t understand) the numbers that are flowing the company’s income statement, balance sheet, and cash flow statement. Anyhow, […]
By recent standards, Lionsgate (LGF) reported a very routine quarter. There was little excitement in the numbers, full year guidance for March 07 was affirmed, and analyst questions on the conference call were not hostile. The lack of excitement was not just due to a generally inline quarter. LGF also made progress by releasing its […]
Lionsgate (LGF) reports its 1Q07 on Wednesday after the close. With the key theatrical releases coming this fall and winter, LGF is looking at a backend loaded year so investors shouldn’t expect much out the quarter. The company had no box office success in the quarter but results weren’t bad enough to warrant any write-offs. […]
On Thursday, LionsGate Entertainment (LGF) reported mixed 4Q06 results and announced 2007 guidance which was inline with expectations. The shares are responded well initially, rising more than 3%. After almost a year of disappointing financial results, I think the rally in the shares is more a function of relief than the result of any important […]
My idea to buy Lionsgate (LGF) in anticipation of a ramp in the stock ahead of today’s opening of Akeelah and the Bee has provided only a 2% return. Not bad, but less than I expected. I’ve looked over a couple of predictions for the opening weekend and the numbers are just $9 million. I […]
There could be some excitement around Lionsgate (LGF) this week ahead of Friday’s opening of Akeelah and the Bee. LGF shares received a boost last year when Starbucks (SBUX) announced it had selected the film as its first entry into the movie business via in-store promotion. I think it is possible that LGF could trade […]
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 […]
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