<p>OT - LGF - Curious, LGF down 4% today, but earnings are not until tomorrow. Last quarter they had a 21.9% negative earnings surprise. But looking at analysts (yes I know, not a great indicator, the majority are 'buy's, lesser number of 'holds' and one that has a negative rating - Caris and Co. - not anyone authoratative, much less someone you've heard of. Somebody must be quite bearish on what tomorrow will bring. They are expected to do well on at least 3 upcoming films. They had better, I guess. But what has pushed their price up to near-record territory seems to be, as folks here (Jester esp.) have opined, is that content is still king, just a 'bigger king' than before. My thought is this: If you look at the telecom sector, just one instance, there is no growth organically - market is saturated with cellphones. So, aside from stealing market share, the simplest way to increase earnings is to sell more bandwith per customer - and streaming is a strong secular trend, which is why we're interested in ALU and related co's. ATT bought DirectTV, and VZ has annouced partnerships to provide more content. Macquerie is the most recent analyst to weigh in on LGF, with a $45 PT and a 'buy' rating, citing exactly the content value factor increasing.</p> <p>I don't have a big stake in LGF - sold 2/3 of my position in the mid-30's. But tomrrow should be interesting.</p> <p>On a side note, it's interesting to me that when good news hits ALU, such as what lt cap posted today, it moves the stock not at all. My guess is that part of that is that news from NOK is much more focused on that ALU at the moment. Whatever it is, it's fine by me. I wish I had bought more around $3.50, and lt cap's calling $3.30's 'a gift' seems to hold so far. In a correction/recession, I would assume that opportunity may arise again.</p> <p> </p>