There's a big trade setting up in the market's most overlooked "boom and bust sector"...
Most investors don't realize it, but the entertainment industry is a lot like other "big potential" sectors of the market, like biotech or gold mining. When a small research firm or a little exploration outfit finds "the big one," shares can soar. The same is true in entertainment.
Take Disney (DIS), for example...
Just this week, Disney surged to a fresh all-time high.
Disney's latest movie, The Avengers, just set a record for the biggest opening weekend in movie history. Domestic ticket sales topped $207 million, blowing away the previous record-holder (Harry Potter and the Deathly Hallows) by nearly $40 million.
Shares are up about 50% since October. And that's nothing compared to what can happen to a much smaller outfit... like Lions Gate Entertainment (LGF)... (more)
No comments:
Post a Comment