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  • The Secret Takeover of Lionsgate Films [View article]
    You obviously cannot read an SEC filing. Those stakes are divided amongst five funds, all of which contribute to his beneficial ownership stake. Each fund has its own footnote and is listed separate on the same exact form which you diligently put the link up for. If you add correctly, you will see that he owns:

    2,260,257 shares in MHR Capital Partners Master Account LP, an
    Anguilla, British West Indies limited partnership
    301,536 shares in MHR Capital Partners (100) LP, a Delaware limited
    partnership
    2,352,223 shares in MHR Institutional Partners II LP, a Delaware limited
    partnership
    5,925,953 shares in MHR Institutional Partners IIA LP, a Delaware
    limited partnership
    7,631,634 shares in MHR Institutional Partners III LP, a Delaware limited
    partnership

    Total shares beneficially owned by Rachesky = 18,471,603 shares
    (Since, the link you published, he has purchased an additional 139,000 shares)
    Total shares outstanding as of November 1, 2008 = 115,738,568 shares

    Rachesky owned 15.96% as of that filing; and since he has since filed the additional 139,000 shares, and LGF has likely repurchased more than 1 million shares since then (we will see at the next quarterly filing), his percentage is likely higher and is over 16%.

    You should check your facts before your post!



    On Nov 09 09:16 AM pnx wrote:

    > the writer just doesnt get it. THERE IS NO SUCH THING AS FREE CASH
    > FLOW IN THE MOVIE BUSINESS> WHAT THEY CALL FREE CASH FLOW IS LESS
    > THAN OVERHEAD AND THE CONCEPT ASSUMES THEY DONT HAVE TO INVEST IN
    > NEW FILMS>
    Dec 27 17:18 pm |Rating: 0 0 |Link to Comment
  • The Secret Takeover of Lionsgate Films [View article]
    Very interesting situation. I will pay attention to this one!
    Oct 31 14:25 pm |Rating: +1 0 |Link to Comment
  • Lionsgate Entertainment: Misunderstood, Too Cheap to Ignore [View article]
    Buyitcheap,

    There is currently $100 million in authorized buybacks, $50 million of which was authorized in the past 2 weeks. This indicates the shift to return cash back to the shareholders that you urge. As for other catalysts, they announce again around early-mid August, which should be a solid quarter and their slate looks solid at the end of the year.
    - Andrew
    Jun 10 15:45 pm |Rating: 0 0 |Link to Comment
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