Lions Gate Entertainment Corporation (NYSE: LGF) was screened tonight by CNBC’s Jim Cramer on the MAD MONEY show. Lions Gate is in favor right now due to it scoring the film franchise rights to the coming ‘Hunger Games’ movie series created after the success of the books. Cramer thinks that the buzz is justified in Lions Gate and that you can get into the stock. The company has had a volatile earnings history and has a history of fighting with Carl Icahn. It also recently missed earnings. Over 23.5 million copies of the books were sold about a not so great future to say the least. The trilogy of books will be made into four movies and a $200 million gross would generate about $125 million in profit for Lions Gate (per Cramer). Shares closed down $0.08 at $11.34 on Tuesday and the 52-week trading range is $5.69 to $12.26. Its market cap was $1.4 billion before the screen. Cramer thinks it could be a $15 stock masquerading as a $11.50 stock.
Jim Cramer Touts The Hunger Games & Lions Gate (LGF)
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Jon C. Ogg
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Jon C. Ogg →
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.
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