Lions gate entertainment is a new listing on the Amex. It is a
relatively new company, which has put together a number of divisions
which include the Lions Gate Studios in Vancouver, probably the
leading film production studio in Canada (having produced several
years of the X-files). Also are included the Mandalay Pictures,
Lions gate films, Lions gate media, and Mandalay television. They
have put together a group of divisions that produce, market, and
distribute films both for the large screen and television.
They decided to list on the Amex in order to attain a higher profile
than they could get just listing on the Toronto exchange. It has a
market cap of about $75 million, U.S. There have been a couple of write-ups that I am aware of, the last of which is by Bill Ridley.
Larry Abraham has also recommended the stock. It recently did
a 2 for 1 reverse split, so as to qualify for listing on the Amex,
and sells for around $3 a share.
The consensus seems to be that this is a company headed for a
bigger and better position in the entertainemt industry.
Regards
Dan |
