Goldman Sachs picks up coverage on Lions Gate (LGF) with a tepid Neutral rating and price...


Goldman Sachs picks up coverage on Lions Gate (LGF) with a tepid Neutral rating and price objective of $18. Valuation is tapped out at current levels is the theme.

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Comments (4)
  • hotpbwiki
    , contributor
    Comments (89) | Send Message
     
    LGF could earn north of $2 getting a big boost in EPS in the 4th qtr of 2013 from Ender's Game and Catching Fire. The $16 price seems cheap with a PE of 8 and revenues growing at 50% a year. Who knows what other good things management has in store as a result of the tremendous cash flow LGF getting from television, cable and new movies.
    6 Dec 2012, 09:39 AM Reply Like
  • getgl
    , contributor
    Comments (877) | Send Message
     
    Agree with hotpbwiki. Goldman is probably buying LGF on this pullback. If it bounces off the lower Bollinger band in a few days it will begin to make GS look like the fraudsters they are. Of all the investment advisors, it's the one to be skeptical of. Let's see if there are others in agreement or opposite. That would mean more to me.
    6 Dec 2012, 10:55 AM Reply Like
  • deercreekvols
    , contributor
    Comments (9602) | Send Message
     
    This means that GS will be buying LGF by the bunch.

     

    They rate NOK a "sell" and bought over 60M shares since Q2.

     

    I just don't trust the "best of the best on Wall Street." They still don't know how to act upon finding out that they are not the smartest person in the room.

     

    I am long LGF and NOK, among others
    6 Dec 2012, 11:49 AM Reply Like
  • Joe Sarama
    , contributor
    Comments (4) | Send Message
     
    With BDP2 about to surpass BDP1 in total gross in its first 3 weeks the GS rating seems myopic. It's easy to throw out a number backed by the GS name but is another thing to support it with in depth analysis. The acquisition of Summit is providing synergies that GS is overlooking.
    6 Dec 2012, 01:32 PM Reply Like
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