Pirates of the Caribbean: Dead Man’s Chest (POTC) continues to rule the box office. Nevertheless, Disney (DIS) shares have sold off since the movie was released. I wouldn’t chalk that up to any disappointment over the film, however. In the early part of last week, before catching a downgrade on Thursday, DIS shares actually outperformed […]
Regal Entertainment (RGC) was one of the only green stocks on my monitor yesterday and has held up extremely well against the losuy market envrionment over the past few months. Yesterday,the stock benefited from an upgrade by Bear Stearns, even if the upgrade was only from sell to neutral. Previously, a firming box office and […]
July 4, 2006 was a pretty good weekend for the domestic box office, making it seven straight up weekends against the easy 2005 comparisons. With the most anticipated movie of the summer, Pirates of the Caribbean: Dead Man’s Chest, hitting theatres on Friday, my bullish thesis built on a strong 2006 summer box office remains […]
If my bullish thesis on the summer box office is to come to fruition, it should be evident over the next few weeks with the back to back openings of Superman Returns and Pirates of the Caribbean: Dead Man’s Chest (POTC) on June 28th and July 7th, respectively. These are two of the most anticipated […]
The box office was up for fifth consecutive weekend, led by a solid second weekend for Cars and respectable openings for three new films: Nacho Libre, Fast and Furious Tokyo Nights, and The Lake House. The Break-Up and earlier releases like X-Men and The Da Vinci Code continue to pull in moviegoers. Although the summer […]
Cars opened at the low end of expectations with $63 million failing to provide a catalyst I had been counting on for Disney (DIS). I think the opening will hurt sentiment for DIS stock because it will make it easy for naysayers to get traction with the “they overpaid for Pixar” theme. However, DIS shares […]
Disney (DIS) made a new 52 week high in Monday’s abysmal market, likely anticipating this coming weekend’s opening of Cars. I think the Cars hype is also helping Regal Entertainment (RGC) which has performed relatively strongly the last few sessions. Northlake remains long both stocks although DIS is approaching my target for considering a sale. […]
If this summer is “the last stand” for the box office bulls, the third installment of the X-Men franchise should make shorts nervous. Debuting as the 5th best four day opening, the 4th best three day opening, and the second largest Friday opening, X3 racked up $120 million over the Memorial Day weekend. Along with […]
My friend and fellow money manager, Doug Kass, is making a good call to short Dreamworks Animation (DWA) on the back of less than stellar box office for Over The Hedge. There are no catalysts for DWA unless the film does surprisingly well this weekend. Short of buyout rumors becoming reality I see little upside […]
The Da Vinci Code grossed $8.9 million Monday. That is very strong, 11th all-time for a Monday according to MovieCityNews.com, trailing only franchises like Star Wars and Lord of the Rings. I had been thinking the $77 million opening might lead to a low $200 million domestic run but based on the Monday figure, a […]
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