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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 | ||||||||||||||
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