Oct. 4 at 10:52 AM
$LION LION at support level is a buy for NTM as multiple ways to win. Legendary reportedly interested and stock lower than the level it surged towards on July report and below pre volume surge on PSKY/WBD combo news as many realize LION will ultimately be acq for premium. Results of late are saddled by absence of tentpole releases that incur expense this year but profits and cash flow are realized next year. That includes Michael Jackson biopic and Hunger Games prequel. The narrative for each should prompt interest as witnessed in July and just two weeks ago if you're a trader but when I think about a year from now, I'm confident in a double digit price. LION's 20K title library is scarcity value as it does almost
$1B of EBITDA so even if you shut down the ongoing productions, you have a meaningful value arbitrage in the private markets where strategics are looking to consolidate. Over
$100M of overhead gets wiped out to add almost 50% to LTM. Look forward and be rewarded...
