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Re: OT - LGF
Re LGF, I posted a short while ago I sold my last somewhere
around $38, which had been previous highs. What is the reasoning
for analysts FY17 bullishness? Looking at Yahoo Finance, they're
looking for $1.53 and $2.58BN in FY16, then $2.00 and $2.77BN in
FY17. That seems like a good amount of revenue growth and a lot of
earnings growth, in the year *after* the final Hunger Games movies
blows out the box office. Perhaps I'm wrong in thinking HG is a big
factor in their earnings and revenue? I know there's talk of other
HG stuff, maybe a prequel, and there will be solid home video sales
and box set sales of HG for years to come, but it seems that cow's
main milking is finishing this holiday season. So where's the 26.5%
eps growth the year after it coming from? And if those estimates
come down, a) that's rarely good for a stock when analysts start
revising lower, b) it'll be well over 20x, closer to 24x P/E, which
isn't cheap. It deserves a high multiple though, in part because of
real buyout chance. I'm just hoping to get back in at low
$30's.
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