BUY Lions Gate Entertainment.
In 2004, Fahrenheit 911 came out and boosted Lionsgate profile as well as its profits. But didn't alter the course of the presidency.
In 2008, W, the story of George Bush's life, is coming out by Oliver Stone. It should be a hit, like JFK was, and Alexander wasn't. The stock nosedived a buck on Friday. Should hit 7-9 bucks on a hit. And will it help alter the course of our voting as well?
Also, the producer of Saw, who saw his 1 million dollar movie gross over 100 million dollars, took a 15% stake in the company. I would say, as my first business teacher taught, grab that lucky son of a gun's coat tail because some of that luck may rub off.
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The producer of SAW did not take a 15% stake. Where did you get that?
LOS ANGELES, Oct 9 (Reuters) - Steinberg Asset Management LLC said on Thursday it filed an early warning report with Canadian securities regulators confirming its control over nearly 15 percent of Lions Gate Entertainment Corp (LGF.N: Quote, Profile, Research, Stock Buzz).
Steinberg now owns some 17.3 million shares, or 14.72 percent, of common shares in Lions Gate, maker of the "Saw" horror movie franchise and cable TV shows such as "Weeds" and "Mad Men."
Steinberg said it purchased the shares for various separately managed accounts and has no intention of influencing the management or the direction of the U.S. independent television and movie studio. (Reporting by Gina Keating, editing by Richard Chang)
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