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.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
