Every Friday, I scan the movie reviews to see if there is a new film I
want to go see. And every week, I fail to find anything that appeals to
me.
Many others must feel the same way, seeing as box office receipts are
off sharply this year, making this a season of misery for film studios.
And no studio is feeling the pain more than Dreamworks Animation SKG (NYSE: DWA), which has slid 25% since I panned the company's business model five months ago.
Shares had already been in freefall and are now off more than 40% this year.
Yet with much of the bad news now priced into the stock, Dreamworks
deserves a fresh look. The company is making moves now that should yield
solid rewards in a few years.
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