LGF Lions Gate

Wednesday, February 13, 2008

LGF Lions Gate Entain:Profitability hitting an inflection point - Cowen (9.50 )

Cowen believes LGF is poised for an extremely profitable 4Q08 based on the recent strength of its DVD slate. More importantly, with several different business lines all showing improving results and prospects, they believe that FY09 is shaping up to be a very solid year. Firm thinks current levels represent a compelling entry point for LGF shares ahead of what they expect to be a meaningful upturn in profitability and FCF, and reiterate their Outperform rating.