DreamWorks (DWA) -4.6% after Turbo bombs at the box office: the $135M film pulled in just $21.5M...

DreamWorks (DWA) -4.6% after Turbo bombs at the box office: the $135M film pulled in just $21.5M during its open week, making it a distant #3 behind The Conjuring and Despicable Me 2 (out for 3 weeks). Cowen thinks a write-down for the animated racing film could lower its 2013 EPS estimate for DreamWorks to $0.25 from a current $0.72 (consensus is at $0.83). A children's series based on Turbo is set to arrive on Netflix (NFLX) later this year.
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Comments (5)
  • wigit5
    , contributor
    Comments (4365) | Send Message
    a movie about a snail racing bombed in theaters? Get out of town
    22 Jul 2013, 09:29 AM Reply Like
  • The Aristos
    , contributor
    Comments (58) | Send Message
    Following releases by Monsters and Despicable Me franchises, this never stood a chance. May have done better if it was released before those two.
    22 Jul 2013, 09:48 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11313) | Send Message
    (DWA) below $20 is a long term bargain.


    DWA is building a cash cow library of media properties.


    DreamWorks is basically at the same point of media property value and progress as ESPN in the mid to late 80's.
    22 Jul 2013, 10:06 AM Reply Like
  • jhooper
    , contributor
    Comments (8156) | Send Message
    Its time for these movies to be regulated by the Fed gov to make sure only winners will be produced.
    22 Jul 2013, 10:18 AM Reply Like
  • DIgitalMediaView
    , contributor
    Comments (631) | Send Message
    This franchise was supposed to be one of the big answers for NFLX on kid's programming, after the loss of the Viacom catalog. (http://bit.ly/13xCtZG) Looks like another expensive original programming bet gone awry for NFLX, their third this year after Hemlock Grove and AD4.
    22 Jul 2013, 11:34 AM Reply Like
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