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Non-Tech : Marvel Enterprises (NYSE) -- Ignore unavailable to you. Want to Upgrade?


To: stockid who wrote (179)5/4/2003 6:38:45 PM
From: stockamaniac  Respond to of 540
 
<wait for me to come up with another gem

LOL - I'm sure I'll lend an ear...
Have a position in an energy play - RRI - up about 30% on it now. Can't really say I know much about the biz - just a momentum/news play, just had a favorable refinancing deal . Earnings on it this week.

Also, I don't think much of GRIN as a company, but they tend to trend after MVL in a smaller way



To: stockid who wrote (179)5/5/2003 6:43:50 PM
From: OmertaSoldier  Respond to of 540
 
Investors Marvel at Comic Book Publisher
Monday May 5, 4:06 pm ET.....Reuters

NEW YORK (Reuters) - It's shaping up as a good week for superheroes.
Marvel Enterprises Inc. (NYSE:MVL - News), known for comic strips made into movies like "DareDevil" and "Spiderman," saw its stock climb to a 6-year high on Monday after the big weekend opening of its latest comic turned movie, "X2: X-Men United."

Marvel, whose shares rose about 3 percent on the New York Stock Exchange (News - Websites) and are now up almost 140 percent in the past year, partnered with Twentieth Century Fox, a unit of News Corp.'s (NYSE:NWS - News; Australia:NCP.AX - News) Fox Entertainment Group Inc (NYSE:FOX - News), to make much-hyped adventure movie about a group of mutant savants. In its first weekend, "X2: X-Men United" earned $155.2 million in ticket sales.

Marvel's 4,700 comic characters, which date back to its early publishing days in the 1930s, are licensed to promote everything from snack foods to clothing and entertainment. Its next big project is Vivendi Universal's production of "Hulk."

"These guys have turned around their business model and made it into a licensing company," said Glen Reid, an analyst with Bear Stearns who has an "outperform" rating on the company. "Publishing and toys are still important, but not the strategic driver."

The sharp rise in Marvel's stock -- up 46 cents at $18.22 on the NYSE -- also comes the day before it reports quarterly earnings that will likely show a big reversal from the loss it posted in the period a year ago. This time around, analysts expect it to earn between 34 and 39 cents a share, according to Thomson First Call (News - Websites).

"With the success of Daredevil, Spiderman and now X-Men 2, people are starting to believe more and more that there is a tremendous amount of value locked in its library," said Reid.

That was not always the case at Marvel, whose comic book stars first caught the public's attention more than 60 years ago. The company filed for bankruptcy in 1990s and was the subject of a battle between financiers Ronald Perelman and Carl Icahn.

As part of the bankruptcy reorganization, the company's predecessor, Marvel Entertainment Group, was eventually acquired by Isaac Perlmutter's Toy Biz Inc. Perlmutter is now the company's vice chairman.

"The company arguably wouldn't be what it is today had he not gotten control of it away from Perelman and Icahn," Reid said.