Market Currents

• Monday, November 9, 2009

• 16:32 PM Lions Gate Entertainment (LGF): FQ2 EPS of $0.26 beats by $0.20. Revenue of $394M (+3%) vs. $375M. Shares +5.7% AH. (PR) Comment!
• 00:10 AM Notable postmarket earnings: ARNA, CCO, ERTS, FLR, HOLX, LGF, LYV, MBI, MDR, PCLN, QGEN, RAX, SLW, SQNM Comment!

• Thursday, October 22, 2009

• 13:56 PM Why aren't you blogging, Carl Icahn? "I've been sort of busy. And right now, with the market up, there's not as much interest in corporate governance like there was a couple of months ago." Damien Park notes Carl's been among the most active of activists, seeking board seats at Enzon Pharmaceuticals (ENZN), Biogen (BIIB), Amylin (AMLN) and Lions Gate (LGF), and contuining to pester Yahoo (YHOO). 1 Comment

• Wednesday, September 2, 2009

• 16:22 PM YouTube (GOOG) is in talks with studios, including Lions Gate (LGF), Sony (SNE) and Warner Bros. (TWX), to stream newer movies for rental. (WSJ) 1 Comment

• Tuesday, August 11, 2009

• 09:05 AM Premarket gainers: AVNR +79%. ANPI +29%. FNM +14%. LGF +11%. KFN +8%. WEN +5%. CNB +4%.
  Losers: CIT -24%. WH -19%. MBI -11%. AKRX -11%. CPST -9%. HPT -8%. SPH -7%. AEG -6%. BWP -5%. LYG -5%. DYN -4%. S -4%. RBS -4%. RBS -4%. Comment!

• Monday, March 9, 2009

• 10:51 AM Activist investor Carl Icahn looks poised to do battle for control over Lions Gate Entertainment (LGF), Hollywood's largest independent film studio. Icahn now owns 14.5% of LGF, and sources say he's pushing for several seats on the board. Comment!

• Monday, February 9, 2009

• 16:30 PM Lions Gate Entertainment (LGF): FQ3 EPS of -$0.81 misses by $0.61. Revenue of $324M (+8.4%) vs. $349M. "The primary factor contributing to this quarter's loss was the underperformance of our feature film slate." (PR) Comment!

• Tuesday, January 6, 2009

• 09:32 AM Lions Gate Entertainment (LGF) buys TV Guide Network and TVGuide.com from Macrovision Solutions (MVSN) for $255M. MVSN recently sold the companion product, the TV Guide magazine, to another private equity group for a token price of $1. Comment!

• Monday, November 10, 2008

• 16:06 PM Lions Gate Entertainment (LGF): FQ2 EPS of -$0.41 misses by $0.25. Revenue of $381M (+8.2%) in-line. Shares -4.1%. (PR) Comment!

• Tuesday, October 21, 2008

• 15:08 PM Icahn boosts his stake in Lions Gate Entertainment (LGF +1.5%) to 9.2% from 4%, prompting Jefferies to upgrade to Buy. In contrast to Icahn's famous activist stakes, this one may be a clean investment. Comment!