Crammer plugged LGF on his program this evening. Said he thinks it's worth 30% more than the current quote.
LGF @ Monday's close = $9.4
stockcharts.com[w,a]daclyiay[pc40!c200!f][vc60][iut!La12,26,9!Ll14]&pref=G
(note: consistently negative price reaction on the big volume days; not a good sign)
Lions Gate Entertainment Corp. operates as an integrated entertainment company. It engages in the development, production, and distribution of feature films, television series, television movies and miniseries, nonfiction programming, and animated programming, as well as the management of Canadian-based studio facilities. As an independent distribution company, the company also acquires distribution rights from a variety of studios, production companies, and independent producers. Lions Gate offers entertainment content through its Motion Pictures segment that includes theatrical, home entertainment, television, and international distribution; Television segment, which includes the licensing to domestic and international markets of one-hour drama series, television movies and miniseries, and nonfiction programming; Animation segment that includes an interest in CinéGroupe Corporation; and Studio Facilities segment, which includes Lions Gate Studios and the leased facility Eagle Creek Studios. The company also owns a majority interest in CinemaNow, an Internet video-on-demand provider.
Cramer's target = 9.4 x 1.3 = $12.22
target represents a new all time high for the stock; it is already up about 400% in the past two years |
